That is actually an error in the form as the $1,226 is net cashflow positive from operations. The above calculation of 3.5 quarters only makes sense if the $1,202 ($1,226 - 24) is net cashflow negative from operations (which it's not) along with exploration/evaluation costs. Operations are now cashflow positive so, absent investment into PPE and exploration or a significant negative change in operations or mine life coming to an end, we have an unlimited amount of quarters of cash remaining. I'm not suggesting we won't invest in PPE but the QIC fund is intended to assist with those purchases. We had $3,377 of cash at the end of the quarter, if we're able to generate net cashflow of $2M in Q2, we have our $5M from QIC and can continue to fund those purchases.
EQR Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)