VML 20.0% 0.2¢ vital metals limited

I'm trying to join some dots here... we have roughly $18m...

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  1. 411 Posts.
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    I'm trying to join some dots here... we have roughly $18m in cash. quarterly expenditure on exploration, based on last quarterly, is $2.1M. our next drill campaign won't be until 2024, so presumably we won't average $2.1M every quarter. would suggest enough money to keep drilling for many quarters to complete the DFS...so material funding is very likely to be related to completing the Saskatoon plant? I'm not fussed if CR or government funding... I got on board here to be part of a first mover, to be producing when the rare earth price takes off... and I think we could time this nicely.
 
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