Ann: Dolphin Tungsten Mine receives R & D Grant of $14.3m, page-3

If they manage to ship around 30k mtu per quarter (give or take depending on tungsten prices) they would break-even (that means the mine generates the same that it costs running it without burning additional cash).

At projects economics presentation they expected to generate 250k mtu annually on average, with a forecast for this year around 125k mtu. It seems improbable that they get this number, but opening a mine requires to solve lots of challenges to increase efficiency and reach profitability.

The question for me now is: do they need more money now for reaching that profitability state? ~ another CR?

To keep the lights on until July given current cash and projecting last quarter costs, I've calculated that they need to ship at least 38k mtu during the next two quarters, which can be done if the WO3 grade keeps increasing as projected and the plant process around 80000t ( last quarter it was 50259t).