I know its a Monday post, but:
- their average monthly administrative cash burn is $ 100 000;
- their monthly exploration cash burn is $ 200 000;
- opening cash 1 July was $ 1 023 000, therefore if they maintain their average spending, then they should have run out of money on Friday.
I can't imagine that the administration costs are variable expenses and I assume this expense includes salaries to directors, therefore I really hope they have not balanced the books by holding back on the exploration expenditure.
I hope this is not why the results are so slow in being released!
I know its a Monday post, but:- their average monthly...
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