Honestly I do not know the answer to your question. But I am guessing with the SC going into production soon, the cash flow generated means no raise is required.
But assuming a $1 million per annum burn rate and zero cash flow because uranium dropped to $25 instead or $45, it would be almost two years before a capital raise would be required.
The real question you should be thinking about is how long before BLR tries to raise capital but can not? One month? Two months? How long before BLR is so distressed that we shareholders are forced to take a worse deal?
Cait
BLR Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held