tom-tom, the cash burn is not consistent for the entire year. The business spends much more in summer months than winter months as that is the time they are drilling. Cash burn is likely to be sub 500k per month in winter.
Also, I'm not sure you have included the line of credit in your calculations. Available cash was about $13mn June 30, I believe.
Finally, the drilling program in Groundhog North is done, so there will not be anywhere near this level of cash burn for the next 12 months, unless they start developing the other mines in the Groundhog tenement earlier than schedule. This would be a pretty high level problem for us to have and I'd happily accept some dilution top have multiple producing mines in 2 years.
- Forums
- ASX - By Stock
- ATU
- Altitude Resources
Altitude Resources, page-10
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATU (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.25M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ATU (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online