Yeah but they have 20 million go out this quarter, and 20 million come in from exercised options.
so if you take out the 20 million we gained by offering more shares, and that's the standard quarterly cost of digging a hole in rented ground, it's more like 7-8 quarters of cash.
ideally though we only need 4 quarters of cash to start selling green gold. So not too worried.
Also, maybe tenement payments are annual and they won't be chewing through this much cash each quarter. Could work it out by going through previous quarter statements, but don't have time right now .
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- Ann: Quarterly Activities and Cashflow Report 31 March 2022
Ann: Quarterly Activities and Cashflow Report 31 March 2022, page-9
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