sdaji, I wrote quite a lengthy post to respond to yours, but it didn't post for some reason. Here's a much shorter version.
I looked at the previous five quarterly cashflow statements. I agree that it's highly unlikely that we have 31 quarters of funding remaining.
I performed some calc's and agree that we probably have 2-3 quarters of funding remaining. One could perhaps push it to 4. It all depends on how much money we send to Puna Mining each quarter from here on out. This figure has been highly variable over the past five quarters (ranging from $2.87 mill to $6.5 mill). It is, by far, our largest expense, which is not surprising.
My calc of remaining funding assumes that the company remains on it's current trajectory and none of the expected major ann's (EIA approval, SP ann, production ramp up) materialise anytime soon. Based on recent ann's, I personally think that these major ann's will come in before requiring further funding, but that's just my opinion.
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