Cash burn is circa $295k per QTR. They have said that they have stopped all exploration!
Cash Balance $565k so a little more than a Qtr.
Reading between the lines I suspect a deal is going to be done re offtake from the pilot plant which I believe they are hoping will get them (together with the cash balance) to at least June. I suspect they will sell the gold titles to give them more cash.
This has been incredibly poorly managed.
I loved the fact that the board is looking for acquisitions!!! It would be good to say how they are going to pay for it.
With respect to the market on EV's. Donald Trump has taken the foot of the accelerator in the US so it will be interesting to see if this trickles through to other economies.
Cash burn is circa $295k per QTR. They have said that they have...
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