Re-Rating: General Lithium & Mali Lithium, page-49

Just had another look at the Cash flow statement as at 31st March.
$4.13 Mill (say $4.1) in the Bank at 31st March.
Estimated Cash outflows for this quarter (to 30th June) are $1.45 mill, say $1.5mill which includes $795k for exploration and evaluation (e & e) (March Q $1.445m). e & e shaved by $650k this q.
If we get around say, $900k ($990k last q) in Gold royalties we will have a cash balance of around $3.5 mill in the bank at the end of June.
$4.1 less $1.5 expenses plus $900 royalties = $3.5 million in bank at 30th June.
Admin and staff costs will be around $600 to say $700k tops per quarter. So if e & e costs are kept to a minimum the cash should last for a quite a while. The e & e costs for the June q are estimated to be $640k less than the March q.
In theory if we spend say the very top end $700k per q on admin etc and around say a low $500k on e & e and can maintain say a $900k gold royalty we will only be around $300k net out of pocket per quarter. Compared to around forecast 3.1mill in bank 31st June
So going forward from 1st July barring unexpected expenses the $3.5 mill should last quite a while. Of course that is the minimum position.
If offtakes, permits and finance is in place the SP would be in a good enough position to limit dilution on a much later CR.
Providing we not need to spend big money on e & e as we did in the March q we should have enough money to last for quite a while.
Not sure how much the Water and Roads evaluation will cost. This will come out of e & e money.