Craig, that's a std form which provides a calculation of cash in hand divided by last quarter's spend (a high spend quarter). It isn't a calculation of projected spend going forward.
Reality is AZY's spend is often lowest in Q1 each CY, rises in Q2 and peaks in second half of year. The coming months will be much lower spend than Q4 2023. AZY isn't drilling for awhile.
in the March 2024 quarterly if say we have spent $1m in that quarter and now have $5m cash, the return will now say we have 5 quarters cash going forward.
Much of AZYs exploration is paid for by our JV and farm-in partners plus there's about $880k of WA govt funding coming soon.
Craig, that's a std form which provides a calculation of...
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