I think you're right. Money has to be spent. We can't keep...

I think you're right. Money has to be spent. We can't keep having this 'share house model' that pitt street describes

As we’ve just shown, infrastructure necessary for quantum computing does not
come cheap and is extremely difficult to ‘reverse engineer’ and build. So, it
makes sense for companies like Archer Materials to use third-party facilities,
because the capex is virtually zero. This ‘share house’ model is one of the key
reasons why Archer Materials has not raised capital in roughly two years and
remains well funded with A$20m in the bank.

how does any company keep going with zero capex. This also contributes to a slow down in the pace of R&D. I suspect in the last 18 months AXE has had to share facilities even more and getting less access.

I think in March Mo said in a podcast that they will be 'doubling down' with spending for both the 12CQ and the biochip. That's the best thing I've heard so far with regard to AXE overall plans.