My largest query is finance. We have recently had the $5 million funding facility and now the $2.6 million placement.
The $2.6 million placement will last 4 months! I mean we're burning cash.
We had $6.8 million in October 2021. So $6.8 + $2.6 is $9.4 million in roughly 10 months. Call it $1 million a month.
That burn rate is high despite it going towards converting ounces.
So assuming we haven't used any of the $5 million I fear we'll be in a cycle of cap raising to death.
TMZ need the price of silver to run. They can't rely on putting together a group of dog projects to appease the masses. Surely blind Freddy can see Dog A + Dog B + Dog C doesn't = Awesome.
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