RE:Latest PP We are bringing in revenue, but there are costs as well. Trucking etc for shipping the ore to get the revenues. Ongoing costs to keep Bull River dewatered, electricity, etc. Nothing has be given but I'd guess maybe $50k-$100k/month is the left over after covering costs.
I'm assuming funds raised are to complete the engineering studies to apply for the final permit. I think those are a couple hundred thousand and it might leave some money in the bank for costs after permitting.
Untill we get more details it is all speculation, but things seem to be progressing in a positive manner.