My maths are very strong and real - I literally quoted your original numbers in my previous post.
To further clarify:
1. An additional 60 million is because there are 3 years till productisation at a burn rate of 7+ million per quarter as stated. Therefore there are still at least 12 quarters at an average of I think at least 8 million a quarter so that is 96 million needed to get to market - it is that simple - there is currently 35 million cash now and an additional 60 million required.
2. Regarding a $1 share price to do a capital raising prior to productisation to get the additional $60 million required - a SP of $1 would value PRR at 1 billion or $1,000,000,000 without a proven product or revenue - you cannot be serious. To get the additional 60 million at a 20% dicount to current SP would require an additional 600 million shares.
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