SPQ General Chat, page-29

Sorry I'll also add that I don't think a $300k grant stops the likelihood of a CR happening. That funding is to be used only on 2 holes at BT.

Their cash burn is circa $1.8m per 6 months, or $900k per quarter (from the last half-year report). They had ~$2m left of funding as at start of January.

2 quarters left of funding (as at January) and with the drilling this year completed on their previous campaign (or should have been completed already), IMO a raise will be necessary very soon to continue progress on their other projects - CC and most importantly IMO, SE.

We will see how much they have in the war chest in the next quarterlies, but I still maintain raise is around the corner. Whether that will be at 0.008c should we get no material update before the CR, or higher if they miraculously release something of substance that will garner market attention, is left to be seen.

IMO only, DYOR.