$1.1m is an obsolete figure. That was 3 months ago, as at June 30, hence it's redundant and no longer relevant. Projected spend for the quarter was $550k. If those forecasts were indeed accurate, then, as of today, October 1, there would be around half that amount left. Of course that figure could be different with the new project coming online since, and shaping where forecast money was meant to be spent, but the cash position is certainly not comfortable and it's only a matter of time (one last pump?) til the inevitable CR this quarter.
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$1.1m is an obsolete figure. That was 3 months ago, as at June...
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