To add to the previous post - per the previous financial statement for last quarter:
- Cash in hand: $6,018,000 - Estimated Expenditure in the Quarter: $2,264,000
Thus if what Kiwi has posted is correct - we go into this final "3-4 month" process having already paid for it with the 2 and a quarter mil estimated.
We SHOULD have approximately $.3.75 mil in the kitty once this program is complete.
Assuming good/positive results - they shouldn't require a cash raise in this 3-4 month period, hence, assuming a good flow result - we should well be on our way out of the doldrums we're currently experiencing.
NWE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held