That would equate to $280k spent per quarter, barely enough to keep the lights on and salaries paid.
To bring value the company needs to work and that requires cash.
A company carrying out an extensive drill campaign on a single project would have an approximate spend of $5 million per quarter.
If you really think $15 million will last 13 years whilst developing “multiple” projects then you got rocks in your head.
That would equate to $280k spent per quarter, barely enough to...
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $11.29M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $8.731K | 485.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 861288 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1200000 | 1 |
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| Last trade - 15.54pm 19/06/2025 (20 minute delay) ? |
| MAN (ASX) Chart |