RE:RE:RE:RE:RE:RE:RE:RE:Malcolm is right........Keep in mind that when looking at burn rate NXE is drilling 4-5 times the metre FCU is. Likely explains the difference in resource size and possible even grade.
Greenday wrote: @ shrink - You have to look at the timing of the financial statements. The Sept 30 statement you reference includes the winter 2018 drilling season and there was only 800K in payables on Sept 30 so the majority of the summer drilling bills would be paid as well. Other than overhead expenses the Q4 cash burn is small. In other words FCU's cash position allows them to do another winter and summer drill program.
A 2019 financing is probable but the size of the financing will likely be related to the share price. Dev is rather shrewd when it comes to financing and he won't make a big raise if the share price is weak. Who knows, he might even borrow money as NXE did.
BTW - NXE"s cash burn for the 12 months ened Sept 30 2018 was $48M. Much more than FCU"s $19M.