That does look like a good update (I of course await the likes of @2ic to weigh in with their rebuttal and expert comments)
Only thing being - They are almost certainly kicking the funding "Can" further down the road! But I don't disagree with doing so - its probably not too far now given the "financial model" likely is starting to make sense now (albeit with some equity buffer included)
Ann: Coburn Operations Update, page-3
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