"Burn rate is the rate at which a company is losing money"Hence losing $1.2M rather than needing to achieve $1.2m in revenue to break even. It's a massive difference.
MDI Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project
I88 Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”