$20m cash in the bank
drilling cost is $230/meters
for 50k meters that comes at $11.5m for drilling this year.
if full buyback of 5m then $3.5m left in the bank but I doubt it will go full.
dont know the price of the scoping study but can be in the ballpark of $2-3m ?
good thing is at the end of the year after all expenses paid there should be at least $4-5m in the bank.
only uncertainty is if they do buyback full $5m imo they will have to raise money this year.
$20m cash in the bankdrilling cost is $230/meters for 50k meters...
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