$1.8 Million per quarter with the vanadium market where it is on staffing costs is not ideal.
That's nearly $8 million per year on staff alone.
So over the next 2 years 66% of the 24.9 million will be spent on staff alone outside of studies going on.
Currently 80% of the quarterly spend is on staff costs.
Surely outside of the average punter on HC the instos cant be happy with their value for money under the current circumstances.
I really hope nothing comes out of left field with extra spend.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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