From the most recent quarterly it would appear they're likely to burn through their available cash by the end of this quarter. As i understand it, the phase 2 drilling is expected to be completed in the next two months (end of this quarter) and the pfs this month. So the funds currently available get us through this, bearly. The additional funds being sort are to be used as general working capital like for the upcoming negotiation period with the jct, as well as, the phase 3 drilling and enviro studies.
PLV Price at posting:
71.1¢ Sentiment: Hold Disclosure: Held
