$3.8M in the bank. Zero debt. 3.5 quarters at current cash burn rate. First production expected before the end of CY23. Long pipeline of permits, new wells and resource expansion for the future.
if it all goes to plan then it all looks good I guess. It’ll be close but we might be cashflow positive before any CR is required. Although I expect another one when first production is announced if other financing facilities aren’t negotiated which may be possible using non cash resources as collateral.
anyone else have any thoughts they want to share?
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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