I watched a recent presentation by MKG , and Peter said the cash burn rate was about $1 million a month. He also said drilling would not start till the end of the rainy season again, late September or early November .cash reserves are given as $2.8 million at end of Q2, so i'm expecting a capital raise in Q4 this year.
and likely a further depressed share price ?
Might be a good opportunity to top up, before the market eventually sees the value of MKG.
Ann: Noosa Mining Conference Presentation, page-19
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