They have $60M in cash as of March 31 and burnt $3.6M last quarter (of which $1.8M was spent on exploration and evaluation). I wouldn't consider that "burning fast"...
For reference:
2025-03-31 - $60.0M (-$3.6M)
2024-12-31 - $63.6M (-$5.7M)
2024-09-30 - $69.3M (-$7.9M)
2024-06-30 - $77.2M (-$12.9M)
2024-03-31 - $90.1M (-$4.1M)
2023-11-31 - $94.2M
> See you at 2c when they have little cash in the bank.
If you think it is going to 2c and aren't just downramping then why not sell your shares for 7x the price you would get at 2c and move on?
WC8 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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