Where do you get your numbers for that kind of cash burn?
Their last cash flow report showed just over $4m of exploration expenses in Q1, with a forecast of the same again in Q2.
The cash balance at the start of Q2 was about $17m, so the company would be down to a bit below $13m by the end of June, factoring in other corporate expenses. I'm sure they won't want to leave a capital raise until coffers run too low later in the year, but they should be able to do at least another quarter of exploration in Q3 and still have time to consider their options.
Where do you get your numbers for that kind of cash burn?Their...
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