What stevenjd said is correct. That 0.9 quarters cash remaining is not an estimate by AAU it’s just the 4c being extrapolated out and assuming next quarters expenses are the exact same as the quarter that has just been, AAU clarified below that the operating expenses are going down as drilling has now finished
still, a lot hinges on this award being half descent. I’m not getting my hopes up for $40m payment but anything in between $10m - $20m will have a significant positive effect on the company
What stevenjd said is correct. That 0.9 quarters cash remaining...
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