And with it more cashburn.
With likely 3 years before this project starts generating an income.. having another staff member on the books will add up signifigantly and contribute in no small way to outgoings.
I understand an engineer can positively effect the project economics and can carefully plan a better mining approach, but given it is so far out, and knowing we are burning through the cash - i am extremely cognisicint of the number of capital raisings and dilution required for our now big team, and all the other expenses involved with running a project of our congo with contractors, drilling and planning.
The burn is real and can predictably be projected, everything else is just on the cards and subject to the 13th dimension.. that which is yet to be.
- Forums
- ASX - By Stock
- Ann: AVZ Appoints GR Engineering as DFS Engineer
And with it more cashburn. With likely 3 years before this...
-
- There are more pages in this discussion • 72 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 AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online