Hi Loop,
I noticed the qtrly burn to be $10.41M unless I'm reading it wrong.
Joint venture payment if $3.583M for the quarter.
It took the qt cash burn to $6.827M excluding JV payments.
Hence the 2.1 quarters of cash left at the last quarter rate.
This has been a hard pill to swallow and hope we get some positive Announcements soon. I can't for mind of me understand why a CR wasn't done at a better price to help shore up some capital to proceed with VR project due to the amount of technical due diligence done.
Ann: Vanadium Recovery Strategy Update, page-49
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