From last Q Cash report - Cash at 31/12 is $1.58 mil + $0.58 mil Cash Call on IGO received since = $2.16 mil. Burn in that Q was $0.75 mil.
So they should have ~ 1.4 mil at end of this Q (if drilling costs were maintained in this Q, which is doubtful) - enough for 2 more Qs, but they will raise before that as you suggest.
I think of greater interest will be IGOs approach to the new situation at Copper Wolf.
My hunch is that IGO will be keen to bring CW on, including BUX's 100% owned surrounding tenements. BUX needs to continue to hang out the carrot, maybe to the extent of a couple of shallow holes to enhance the geo knowledge.
And then there is the problem of BUX's crazy low M.Cap of only $17 mil - NPV of programs must be many times that.
So IMO there is a lot of blue sky for Bux, but where they will build their house remains to be seen.
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