I like to see that about ~90% of our money goes into exploration and development.There are very few exploration and development company that i know of who use its capital so focused on the ground.
The cashburn rate goes very well managed for my eyes. I expect that another ~10 million will be used in the next 2 quarter,but then the cash burn rate will slow down considerably as we finish our planed 50 000m drilling.
The next capital raise will happend most probably after the resource upgrade,or after the scoping study,but in fact its not so much event dependent, but rather available offers and share price. Im fairly confident that if markets allow it management will do their best to raise capital at or above the previous cap raise prices,and if so it happends the next cap raise could be larger than the previous one.
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