$3.3m cash at bank at quarter end.
Looking at operating expenses and property, plant and equipment as well as exploration & evaluation they averaged spending of around $1.65m per quarter.
So ignoring the grants and rebates they have two quarters of cash available.
I thought it strange that they apparently are still drilling. 10 holes surely should not take months? Hopefully we get the final investment decision and some sales agreements for the 4ktpa micronising plant for Collie within the next few months.
$3.3m cash at bank at quarter end.Looking at operating expenses...
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