Friday, April 05, 2024 2:32:55 PM
I'm hoping you can answer a question about the latest 10q. Regarding this wording from page 22,
The Company anticipates that it does not have sufficient cash on hand to continue to fund basic operations for the next twelve months, and additional
funds totaling $10.0 million to $11.0 million are likely to be necessary to continue advancing the project in the areas of financing, permitting, and detailed engineering.
Does the 10-11 million refer to 1) the total of 12 months operating costs (805k x 12) or 2) is this the expected additional costs related to completing the feasibility study? If it's #1 do you have an estimate for what feasibility study will cost? Or are the expected feasibility costs reflected already in the 10-11 million figure?
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