New 52 week low @ 0.039.
Cash balance @ last CR on nov11 7.5m
2.2m cash burn per qtr.
we should have 5.3m by feb 11?
and after 2 more qtrs by august 11 we should have 900k cash left.
options expiring @ july 2023?
metallurgical test confirmed the selected process route and recoveries.
next steps?
ERCOSPLAN will complete detailed geological modelling, with results to be incorporated into future rock mechanical modelling to aid underground mine design.
Geotechnical work is "ongoing" using samples recovered from the recent Ohmgebirge drillholes.
Requisite environmental and social impact
assessment and permitting requirements are well understood and set to parallel the next phases of technical feasibility work.
In conjunction with progressing PFS workstreams, the Company is proactively advancing financing initiatives, including "preliminary discussions" with future potential strategic funding partners. ?
hopefuly a placement before august. Or we should expect another CR.
PFS completion end of Q4 2023
next Christmas would be so much better than 2022
the wall @ 0.040 is gone. Chart looks hungry for some green bars. IMO DYOR
SHP Chart Only, page-515
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