Cash burn rate of 25 million in last quarter .no wonder they waited until late on a Friday afternoon to release.
They only had enough cash to last a little over 4.5 months ,hence the recent large capital raise which will not last that long at this rate of cash burn .
Company value now at 1.7 billion Au .
Clearly not sustainable given the lack of cash flow for years as well as building a big plant which will probably cost around 1.5 billion given current inflation rates.
Ann: Quarterly Cash Flows Report - September 2022, page-2
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