@kervio @Hogesjzz30
Except BRK need to fund USD$26m drilling costs. = Oz$37.1 (@0.7) less 3.7 already incurred in December quarter. Which then means we need $33.4m before 30 September. Which therefore means we need to generate around $7.4m of cash to develop the FMDP.
So cash reserves will drop to minimal before taking off once producing, and therefore don't count on a buyback before 30 September
Ann: Quarterly Activities and Cashflow Report - December 2023, page-7
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