Cash burn for last quarter was over $3m and at 31/12/23 they had...

What will be interesting is their cash balance as at 31/3/24, they've since raised $6m, Lindsay said that was all being used for capex, so you'd like to think they have enough working capital to see them through.

Cash burn for last quarter was over $3m and at 31/12/23 they had $4.5m or so remaining

So staff and admin is expected to increase to quarter and next - overseas trips all living costs and advanced discussions

This $6m CR would not imo be possible to be used for CAPEX

Running costs of $1m per month - that's $12m for 2024 alone and construction won't be finished even if all funds approved today

Do the maths and see that this CR will barely cover runnings costs etc for 2 quarters at best


IMO