If you look at the latest quarter they have used just under 1M. About 4M if annualized. Given they had 2.385M at the end of the quarter they should be okay for the next 6 months. As the market cap is 62M they should be able to easily raise a few million later in the year through placement of shares especially if the uranium prices keeps rising. Could be a placement to a private equity firm.
Ann: Appendix 5B and Tenement Schedule, page-3
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$1.45 |
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Mkt cap ! $1.401B | |||
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