I found it interesting that they said they have enough cash for the next 18 months. The last quarter they spent $11.776 Million. Now let’s stretch that to $15m a quarter. So, we have 6 quarter in 18 months, at that rate they will have spent $90m in 18 months and have around $48m left. Clearly, they like to top long before the coffers are empty. Most juniors would be happy to have $15m in the bank. As I said yesterday, I want exploration success away from the environmentally sensitive southwest. Progress seems slow when your 60+ years old. Happy to have that $100m in the bank.
Cash Burn Rate
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.07 |
Change
0.035(3.40%) |
Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.09 | $1.05 | $2.859M | 2.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11150 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 14000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |