M3M
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6.38% 5.0¢ m3 mining limited

Ann: RC Drilling Assays Received At Edjudina Gold Project, page-9

  1. Preston3
    2,091 Posts.
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    04/01/24
    09:24
    Post #: 71719059
    it is a problem when you only have $2m in cash and they don’t do much in return for shareholders. The cash burn is approx $150k-$200k per quarter. So if you deduct the 2024 expenses, probably about $700k (salaries and other G&A) there isn’t much cash left to do anything.

    less a shell, more a cash cow for some
    M3M Price at posting: 6.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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