VR8 4.26% 4.9¢ vanadium resources limited

Chart - VR8, page-92

  1. 10,410 Posts.
    lightbulb Created with Sketch. 727
    DFS is expensive but from the quarterly the company said

    "No the entity does not expect the current level of net outgoing. The increased costs were incurred during the quarter in relation to the execution and deliverable of the planned DFS phase, the DFS is almost complete."

    cash on hand $2,916,000 @ end of June
    cash outflow during June quarter was $2,351,000
    last three quarter cash out flow was about $400k
    you do the math
    there is not any urgent for any new capital, imo.
 
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