We have 2.2 m left based on last quarterly report. This should last 2-4quarters.Burn rate per quarter is 700k-1.1m based on previous quarters.
The 1.1 was due to drilling/exploration activities in wbp and mt cecelia plus the bfs/dfs and other repayments such as loan interest.
If we get rid of the these and just stick to 700k then remove furtger the salaries of Jac and MQ, it would be atound 550-600k/quarter burn.
Then 2.2 would last at least 3 quarters from April till end of 2021.
Means we can sustain without a CR other than CR for development and initial operating costs for the wbp which per others here has already been sorted (could be bank loan)
Above makes sense especially MQ and Jac has opted to be paid with shares. I think they're thinking to extend the lifetime of our cash on hand till we get the funding for wbp.
Just my 2 cents and DYOR. This is where my bet is thus me topping up consistently whenever funds become available and plus due to the 4.5moz gold on ground with high potential to grow to 8million oz or 12.8![]()
And yeah we have a f* MINING RIGHT!
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