DRE 5.88% 1.6¢ dreadnought resources ltd

The $2.1M tax credit was cash receivable and has been received...

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    The $2.1M tax credit was cash receivable and has been received per 13/02/24 announcement:


    DRE $2.1M.jpg


    Another $500k cash reimbursement from First Quantum should have come in too per the quarterly.

    So, cash is $2.8M + $2.1M + $0.5M = $5.4M.

    Last year, there were multiple rigs drilling non-stop, and this year so far, there has been no drilling at all, and when it does start shortly, it'll be only discovery-focused/targeted drilling, and not like the REE resource drill-out/non-stop drilling.

    Cash should last a while/see some of the targeted drilling results come back and hopefully give us a nice boost before any CR is done.

    Cheers,

    GB.
 
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