by my calcs assuming they burn the recent grant funds to complete the study that the co has c$1.4m in the kitty burning up at $250k per month. So less than 7 months operating income based in historical expenses. I reckon CR to wholesale/sophisticated Investors within 3 months. Hopefully this will align with further announcements re JV or partnership so SP is at least 20c so we are not diluted to the extent at say 5c. It's all in the timing of any announcements and as we know this thing can be a triple bagged in a very short space of time. Here's hoping for all the long suffering LT holders. I also think until he announcements sp will fly between $0.5 to 7.5% only my gut feel as it is testing >$0.5 consistently.
PSY Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
