AVZ avz minerals limited

Running discussion on SP, page-21015

  1. 4,134 Posts.
    lightbulb Created with Sketch. 12980
    Yes 300k a year less cash burn. (Not going to debate the symantics, we clearly don't see eye to eye that's fine your entitled to your opinion.)

    What's your thoughts on the cash burn of all the current board wages.
    NF ~ 300k
    GJ ~200k
    LM ~ ?
    RB ~ 60k
    PH ~ ?
    SN ~ ?
    +8M performance shares for proving 150mT of a 2bT resource = $416k
    proposed performance shares for PH joining the CO.

    Board remuneration would be upwards of 1m p/year. Meaning for every 3 months delay in the project an additional cash burn of 250k. Recently it was MET tests, which was supposed to be start 6 months ago. Will dewatering be brought in on time. (not sure i've seen them highlight a timeline for its completion).

    100% there will be a regulation CR early 2019 - unless they sort financing this side of chrissy.

    SF2TH
    Last edited by setfire2thehive: 14/07/19
 
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