With those timetables, which do give them some cushion as one just doesnt flick on a switch and all bugs worked out, this implies they might not have positive cash flow until end of year- which means they need working capital to cover salaries, material costs, property and mill payments, administrative payments etc.
They will spend at least $50,000 on maintaining reporting status. they will need salaries covered, workmen's compensation insurance, any funds for increased bonding requirements, supplies for mill,whatever cash payments for mill and/or properties. They will IMO have to rely on equity financing at a discount.
I still figure they will need at least same funding as last year, 400,000+, though they may have received some in the form of using prior convertible arrangments.
