Cash burn approx 3m per Qtr - but 90% of that is exploration (which is good - thats where we want them spending!) ....... Burn rate means that there is approx 18 months of cash in hand - which best guess means a cap raise should not be needed for about 12 months, unless market and exploration program presents a more logical time ....nothing negative here in my opinion!
Cash burn approx 3m per Qtr - but 90% of that is exploration...
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Mkt cap ! $40.86M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1050000 | 2.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 236931 | 3 |
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