At $3.4M p.a. that's $65K per week cash burn for an exploration...

At $3.4M p.a. that's $65K per week cash burn for an exploration company who are not drilling, paid for the TIVAN r&d, patent applications in previous years, haven't broken ground & are not constructing.

Taking off $9,500 per week for PB, that's still $55K per week.

I'd assumed much of this would be going to project controls team working through the detailed beneficiation plant design, mining plant design in order to hit the ground running when (if according to the SPP) the CLC agreement with TOs is signed & ML issued.
Yet part of the justification for Salgaocar's $10M was for ramping up design.

What is needed right now is transparency, clarity on what is going on behind the scenes with TNG. The opportunity to build something of real significance, a vertically integrated, multiple stream value added mining / tech company is deemed at risk by one of the earliest & more stable cornerstone investors.

What TNG have the potential to achieve is way too important to have things stay as they are.

I'll be writing to the Browns before the 21 days is up.