MTC metalstech limited

Massive turnaround imminent?, page-11

  1. 264 Posts.
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    As per last quarterly there was 1.527M, and expected outflows for this quarter was 737k+130k for purchasing Bay Lake North

    = expected $660,000 left.


    Adding the millions from the tax refund and subtracting the $~250k/year expense that was slashed by having one less director, with a drill program every quarter it'd be 650k/Q so there should be ~9 months of runway, and with a wild 2 programs per quarter at $1-1.1m/Q the cash should last around 6 months from here. 

    Last edited by Jarama: 25/09/18
 
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