In 2021 we have seen spending on:
-share buy back
-'80%' of a scoping study
-a resource model and estimation
-building a prep lab
I hope/expect our cash burn rate slows back down a bit. I would like to see them stretch out this 15m out to at least 3 quarters, maybe even more. Id like them to wait until share price gets back up to 20c+ before they raise, to help reduce dilution. For this, I believe we need a successful new estimate with some Indicated resource and a SS which shows at least some of that is going to be reasonably economic to mine (maybe even converted to reserves?)
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- Ann: Quarterly Activities Report and Appendix 5B - 30 June 2021
Ann: Quarterly Activities Report and Appendix 5B - 30 June 2021, page-15
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