"Would have thought this would likely to cover costs for the...

"Would have thought this would likely to cover costs for the foreseeable future whilst study ongoing hence nil further dilutory effect?"

Nope. Not even close

Azure has $485k. Outgoings next Q (not factoring drilling/mining, just exec salary & admin): ~$500k. Op high-grade rev won't trickle in til Dec. Unless co starts dipping into DB loan to finance mgmt pay (eating up 25% of borrowed capital before operations even commence lol) we'll definitely see a CR soon. Based on current SP action (newly minted 15y ATL with sell side stacking), the next CR will be ugly for holders

You guys have been through a lot and I wish you the best. Having said that, in my opinion now is the worst possible time to be holding AZS.