Normal
According to the most recent financials, they had $3,222,000 in cash and cash equivalents at the end of the March quarter. They burnt $1,275,000 in cash in the same quarter. So presuming that they have burnt a similar amount of cash this quarter they are likely to have ~$2,000,000 at the end of June, possibly a little less than that.So yeah, they will have to raise capital soon. Some good drilling results would be nice before then. Looks like assay results are due in June from diamond drilling at the Sir Laurence Gold Discovery. Hopefully the results are good.
According to the most recent financials, they had $3,222,000 in cash and cash equivalents at the end of the March quarter. They burnt $1,275,000 in cash in the same quarter. So presuming that they have burnt a similar amount of cash this quarter they are likely to have ~$2,000,000 at the end of June, possibly a little less than that.
So yeah, they will have to raise capital soon. Some good drilling results would be nice before then. Looks like assay results are due in June from diamond drilling at the Sir Laurence Gold Discovery. Hopefully the results are good.
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