POD podium minerals limited
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Sorry, they spent $600k on drilling in Dec quarter, but noted...

  1. T2CupAndHandle
    692 Posts.
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    30/01/23
    11:18
    Post #: 65944227
    Sorry, they spent $600k on drilling in Dec quarter, but noted that "drilling largely completed" with costs associated with the back end assays and technical services. Compare that to the $3.1m exploration costs incurred during an active drilling quarter, so cash burn will return to a more normal level this quarter IMO.

    A postive is, as @NikolaL mentioned, drilling is RC to ~200m depth. RC drilling is around $200/m all-in with assays (compare to $400/m for diamond), so that's $40k a hole. Can get a lot of infill holes in with RC and 200m depth for $1m!
    POD Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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