This was flagged in their last quarterly that they expected cash burn to significantly reduce, once drilling was finished and they moved into PFS study phase.
Good to see the co following through on the actual cost reductions though, staff levels reduced and a director going. They had $2.8m cash as at Jan 1st which will need to see them through this news cycle
bring on the PFS I say - it will be a cracker!!
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| MM8 (ASX) Chart |