Ann: Quarterly Activities Report - September 2023, page-12

I wouldn't be using that slide for any analysis. 26 quarters of available funding is effectively just to pay salaries, admin costs and exploration (items 8.1 and 8.2). It doesn't include any money paid to the Puna JV to progress the Rincon operation, which is what we are all here for.

So yeah, AGY has sufficient funding for 26 quarters if it's only running head office and twiddling its thumbs with Tonopah. But if anything is to happen at Rincon, there's 2-3 quarters of funding left without seeking external funding.