Also, in that period there were capital expenses & exploration expenses that won't be as high going forward.
Yes and that includes $23m drilling expenses related to the flow through funding which has now finished ( the remaining $7m will show up this quarter) and costs related to the merger which will cease apon completion. The bottom line is at merger completion any cash burn / cash build is largely related to normal day to day operations and sustaining costs vs the price of spodumene and we simply don't know how that will play out or in what timeframe, but we will have considerable cash in hand to buy time and find out.
Below is the estimated cash position on completion.
Cheers Whisky
SYA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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