Good Questions Stocks- I know MNM has a very small cash burn rate as they only have about 5 emploees as far as I know.
I am under the impression that we should have some money coming in for a few different things but not sure of the amounts and exact timing.. We are in process of trying to sell a Phosphate asset which could bring in 500K if I recall corectly..? Calcifer will be paying us a few hundred K in courts costs as per the mt Mulligan court case? I hope/think we will be getting some money from Exergen as I am under the impression that the BM drilling costs were shared equally?
Sorry I don't have the exact quotes/figures off the top of my head BUT MNM has a few months before they need to raise cash. We are expecting the BM JORC in July and many more announcements so I am hoping we do a raising after some good news when SP is closer to 20 cents...
MNM Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
