CNB had $5.6M in cash as at 30 Sept 2021, with that quarter's expenditure being $1.4M for activities and staff costs.
Assuming that we have had a 20% increase in expenditure this quarter, that would bring the holding down to $3.9M in cash currently.
However we are due the first instalment payout for the Lainejour Project in Sweden which should have been $750K as at 31 December 2021. Tailings movements at Tick Hill were anticipated to resume in November (unsure if this happened) which may also result in royalty payments.
Ignoring Tick Hill, and noting that I have no real idea what our expenditure is this quarter (lol), we still may be sitting pretty with around $4.5M or more in cash at the end of this quarter.
Please let me know if I have missed anything.
Ann: Investor Presentation - January 2022, page-35
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