jupiter confirms commercial rates , page-36

Jack , here are some calcs I did on the 'cash burning' thread a couple weeks ago. Hope they help. DYOR


Cash at 3/31 $1.8m

Current Quarter
Admin $0.5m
Expl Exp $3.0m
Birsca USD820k $1.0m
Cash via CR ($4.6m)
Net Current Quarter ($0.1m)

Balance as at 6/30 ($1.9m)

Q3 Capital Requirements
Cost of NWZ2 Testing $1.0m?
Cost of J51 Well $6.0m (similar to J50)
Admin $0.5m
Total $7.5m

CR Required circa $6.0m (say 300m shares @ 2c?)

Any cash generated from local sales would create a slight buffer going forward imo.

Happy to have these numbers critiqued by genuine posters.