Hi Sdaji,
We will be completely out of money and unable to keep the lights on early next year without some form of income before then.
At the end of Q2, we still had A$23 million in cash and paid about A$7 million in the quarter for services to Puna Mining, development and own staff costs.
To me, this means that if expenses remain reasonably constant, we will still be liquid this quarter, the December quarter and also in the first quarter of 2024.
By end of March 2024, however, we should be in continuous production at the latest.
According to Jerko, we will reach the most important milestones this year. I am very confident that he is not lying to us.
DYOR
Greetings from Old Germany
Greenfoxi
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