In the quarterly they say construction is 95% complete. They had over 7 mill in cash at the end of the quarter so I wouldn't have thought they need to raise anything to become operational. At the current burn rate they have about 4 months cash but presumably the burn rate will slow down and in any case they expect to ship concentrate in under 3 months.
Therefore I would have thought worst case scenario would be a need for a small amount until revenues roll in and that could be debt.
Anyone an accountant? Have I got the figures right?
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In the quarterly they say construction is 95% complete. They had...
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