In one of the recent webinars, Chris stated that it cost an average of $200/m for the drills, and that was a figure they're happy with. Knowing that, they were never funded to complete the 80,000m drilling planned for 2021. Don't forget we have to pay for a PFS in H1.
IMO, I'm going to think we'd be about square on $13 mil by end of this year. Subtract $8 mil for the PFS, subtract $4 mil for drilling UP TO START OF Q2 ($200 * 80km/4). We would have needed a CR pretty soon to meet their aggressive campaign.
Ann: Trading Halt, page-56
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