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0.00% 0.1¢ mount ridley mines limited

They listed 1.2 quarters based on last (peak drilling) spend...

  1. REElly
    260 Posts.
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    31/01/24
    10:20
    Post #: 72151989
    They listed 1.2 quarters based on last (peak drilling) spend rate (~1,200k/Q).
    However, they qualify that this spend rate is not applicable to 1H2024, which will be primarily desktop (analysis/lab) work and the spend rate much lower. I recall the spend rate was about 2/3 of this (~800k/Q) mid last year. So probably almost 3Q funds remaining I would guess.

    More than enough time to release their MRE and some met/beneficiation testwork.
    MRD Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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