Some or all of what you said may be true. I still do not think...

Some or all of what you said may be true. I still do not think it explains the companies cash burn.

The company probably needs to improve its margins in all aspects of the business model. Management costs and admin, wages, efficiencies in processing and mining. Management also need to target the very riches grades it can get too now. Absolutely anything it can do, needs to be done.

The market will have no trust in AR1 until the company can prove it can turn a profit. If that means pulling back expenditure on exploration, so be it. The market is not looking deep in to the future on this one now, its primary focus is AR1 viable, NOW .. Not dreaming what it could be in 5 years from now.