"I still have concerns if they can survive without a capital raising in light of the delay to the ML"
FWIW, I have attached a revised estimate based on the most recent available data. Please keep in mind that I reserve the right to make errors :)
Please keep in mind that there *may* be other expenses for which I am not aware of. That being said I have reviewed the past 4 quarterly's and cannot see anything out of the ordinary so I would not expect anything different for this quarterly.
So moving forward and whilst we await ML, if we do not continue with further exploration until the cash is coming in from stage 2 then the only major expense is admin. We could run for 10 more Quarters on this.
IMO, cash is now a non issue.
ABU Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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