kljpc,
Perhaps you didn't read the report fully.
The $205m includes the restricted (for Phase 2) component.
Unrestricted cash is $124.3m. (Restricted cash is for phase 2.)
Unrestricted cash at end of Mar Qtr was $182.7m.
So burn is $56.6m ($182.7m - $124.3m) for non-phase 2.
At this rate we will still have cash into next year. (Not including the savings from temp shutdown of Mt Weld concentrator
No equity raising required before next year if ever.
kljpc,Perhaps you didn't read the report fully.The $205m...
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