Highly speculative figures without basis, Below is from CJ discussion
at RRS Conferece Sydney.
Plant is already paid for and burn rate will be less than 1.7 – 1.8
a quarter.for this quarter More like 1.5-1.6 a quarter from now on.
as per written notes below.
The rest is pure supposition until we get facts.
What is the expected burn rate of cash?
1.7 - 1.8 million this quarter
(implied that burn rate is getting lower)
with increased throughput, achieving much greater efficiencies
devaluing of Mozambique currency against AUD
cost-base is very low
plant has already been purchased and is running on site
MUS Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held