CVV caravel minerals limited

Considering where they, I doubt they’ll need to raise more funds...

  1. 137 Posts.
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    Considering where they, I doubt they’ll need to raise more funds until the Dec quarter.

    $7.7 million last quarter
    $6.3 million this quarter

    A lot of the big costs associated with getting a project like this to the start line are now complete, it’s more a process of putting it together and submitting all this data to relevant parties.

    I’m guessing but current quarter expenditure would look something like the below
    $100,000 on tailings design
    $400,000 environment and water
    $150,000 mine planning
    $80,000 rents
    $170,000 executive pay
    $100,000 other

    $1,000,000 total for current quarter
 
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