Thanks guys, Kop your 1st assumption was correct ~$300,000/month cashburn with the Financials, IXR is likely to receive between $1.8M and $2.1M in R&D tax refund in July 2025, I did a Guesstimation of Spending for June 2025, but we get the picture!
Agree Kop and OK.... Costing down by 78% $900,000/Q, IXR will have $4.8M-$5.1M cash (based on Australian Tax Laws) available to bridge operations until the anticipated UK government grant decision for the Belfast commercial plant in the second half of 2025, This ensures sufficient runway for ongoing demonstration, feasibility, and international expansion activities.
Let's go very conservative, end of March we had $1.46M, Corp now spending $300,000/Month, Raised 3.0M and R&D Tax return $1.5M (Conservative), Let's say we spent another $600,000 (Average) on R&D/ Quarter on further research on MREC to Separation to High Purity REOs
as of March 2025, so now in June so we basically have another 9 months ~3Q
Last 2 Q Dec 2024–March 2025 we spent ~$1.2M, Plus all the projects at the Demonstration Plant will be concluding around Aug/Sep, we then can start selling our REO's, more cashflow
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)