Some items from company reports.
Drilling only resumed on 17 Dec just over 4 months ago not 6.
Drilling only accelerated with a 2nd diamond drill rig in mid January
Cash at 31 Dec $13.8m
Cash at 26 April $9m
Burn rate $5m over 4months...assuming creditor position remains constant.
Burn Rate most likely higher on a monthly basis now as drilling was not fully accelerated until only 3 months ago.
Yep - no way a CR is needed this year....Bwhahahahaha
Ann: Corporate Presentation, page-37
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