I am just thinking about what can be done pre approval, as TMT are going ahead with stuff even before their integration study is complete or epa approvals.
I know apples and oranges, but currently AVL have more funds in the bank, and potential for the grant to contribute, and I can't imagine Vince will just sit on his hands until EPA approvals are all done.
Especially given the ambitious timeline that has been set out for the next 12 Months, shareholders will expect him to work towards it even if EPA approvals and project funding are not there yet.
Last quarter there was well over 20mil in the bank, and if the government grant involves early funding, I guess i'm brainstorming where those funds can go in the near term to progress the timeline.
As Bermuda said, corporate costs are high (over 1mil per quarter), and with new drilling and studies to integrate that ore into the BFS, I could see expenditure being 2 to 2.5mil+ per quarter over the next 6 to 9 Months, but that still leaves money from the last cap raise, as well as option conversions, to be put to use.
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I am just thinking about what can be done pre approval, as TMT...
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