When the company was listed, it was ensured that they had at least 18months worth of cash. It was listed December 2020.
Desert Metals had $2.83million or 3.35 quarters of cash left as at end of September 2021, see below. 3 quarters takes us to the end of June 2022, so we'll definitely find out what is in the VMS at Belele, the 6-8 ~12,000Siemens conductors at Dingo Pass and the PGEs at Innouendy well before then.
Sirius Resources only had 1 large and 1 small conductor (Nova and Bollinger) when they hit $US1.8Billion.
Chalice has 1 main Conductor at Gonneville and it has a $A3Billion market cap, a market cap that is 109x Desert Metals today.
DM1 Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
