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
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Last
$1.14 |
Change
0.020(1.79%) |
Mkt cap ! $441.4M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.12 | $3.158M | 2.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 20306 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.020 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.15 | $1.12 | 762588 | ||
| Last updated 16.09pm 03/05/2024 ? | |||||
| CHN (ASX) Chart |