A DFS is expensive and they're getting to the pointy end. They are generally pretty prudent with their capital, as you speak about, but there will be additional expenses that increases the cash burn to have <1 qtr of cash left - I'm expecting the raise early-mid Oct.
Also guessing they had to pay a deposit on the Salt roast leach facility property, additional surveys, permissions etc.
Not to mention having HCF as consultants.
So, yes they do.
Chart - VR8, page-91
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