WR1 7.74% 71.5¢ winsome resources limited

WR1 General Discussion, page-26905

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    Previously the burn rate with 5 rigs was 3m / month so 9m per quarter.

    53m (31 Dec 2023) therefore would last 5.9 quarters to mid-2025.

    CE said recently (March 2024) they have enough for an easy 12 months / 4 quarters, i.e. to March 2025.

    That seems to imply they expect to burn an average of 3.6m /mo from Dec 2023.

    3.6 * 3 = 10.8m per quarter
    53m / 10.8 = 4.9 quarters
    Dec 31, 2023 + 4.9 quarters = late March 2025.

    A reminder, if you want a better experience of the forum, put @kevin103 on ignore.
 
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