Great to see the comments here on the state of the projects however, currently the Company has $1.100 in the bank, last qtr they burnt $1.316, with Admin $152k. This Qtr they are forecasting a burn of $550k, with $450k for exploration and evaluation and Admin of $100k. Even if they stick to their forecasts the 3rd Qtr is looking very thin for cash. They are suggesting that they will be getting a R & D tax refund in 4th Qtr, lets hope they do and it is a big one. Although striking the mother lode will not provide them with any cashflow, it would mean they can pull off another CR and of course further dilution to the existing Shareholders. If however, the mother lode eludes the team, for say 6 months?
MPJ Price at posting:
0.5¢ Sentiment: None Disclosure: Held
