expanding on the sell recommendation, page-36

hi guys, thought i revive this thread. So yeah as you can see from the starting thread, the cash burn rate is ever increasing. Last quarterly is pretty obvious that they missed forecasts again and spent about 10m$.

Seems pretty expensive.. 4 quarters and you can literally buy juniors that have 1m in resource listed on the ASX.

Hope they can bring this cost down but at this point with feasibility full underway it will probably remain elevated.

This might explain the shareprice as investors are worried about when the next cap raise will be. Probably better if IDC just did one mega raise of say 50m$ and be over with it. The SP can actually rise without any CR worries.