5.8million cash balance by dec31,
plus the 625k from the directors if approved.
6.4million total.
2.2million cash burn per qtr.
2 quarters and 2 months at least and we should expect another CR. So, around end of Aug to early september 2023.
unless all the options get converted.
next CR would be around 0.055 as my guess. Im basing it on the earliest expiring options execution price. IMO Baby steps! Dyor.
Announcement for consultation advisor for the EIA should be out soon.
then next is site selections and permitting approvals.
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