The quarterly funding is not forward looking but the SUM of;(IF...

The quarterly funding is not forward looking but the SUM of;
(IF we spend the same amount as we spent in this quarter, then we have X amount of quarters worth of funding). I have pasted the actual statement from the quarterly on how it is calculated, and it appears self-explanatory. (item 8.6 divided by item 8.3).

Now it wouldn't take a rocket scientist to deduce that BML's prior 12 month spend on Admin & staff costs was $1.7M The bulk of the spend was $3.9M on exploration for the prior 12 months. BML's total spend for the June quarter for admin & staff costs was $359K.

So, @Verily1 statement that BML has 12 months funding is quite achievable. The only proviso I would have is at what stage do they raise capital to maintain suitable cash balances. If they go into shut down mode, they should only expend $1.8M on staff, admin & corporate costs between 01 Oct 2023 and 31 Dec 2024. It all comes down to exploration expenditure. I would assume that BML would look at raising some funds before their cash balance falls below $1.5M, maybe even $2M. So, a cap raising no later than mid 2024 is my best guestimate.