$1.7m cash remaining and half of that will be spent on employees and corporate costs. So really not much remains for anything substantial besides finishing the resource update. They’ll receive $2m tax refund which will help for a little while but they’ll need to raise before drilling imo.
This is becoming an expensive development. Hope Jr can feel in some NAIF funding or larger investor asap.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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