hopefully the cash burn is highest now, compared to what we...

hopefully the cash burn is highest now, compared to what we should see in the future.... obviously making cash later on, but, this one has included site prep and facilities construction.... i.e. when they upgrade the plant with the next order, they shouldn't need to build new offices, site levelling etc to anywhere near the extent of the maiden phase two plant...

also, hard to quantify to end of sept, but, possibly cash burnt on their community based engagements, initial steel mill feasibility until put on hold, then the pellet plant feasibility.... possibly decided to spend more once the share price had rallied and the capital raise undertaken... knowing the option conversions would come in...

all a guess really... but, if phase two all good, would suggest this will be enough to get them through til end of commissioning plant # 2 (say aug/sept next year) and feasibility studies etc.. if they don't take on funding assistance for more plant, which i personally think they will.