Post by
GripnRip on Feb 27, 2023 7:50am
at this burn rate >$2M per month, out of cash in ~7 months
During the three months ended December 31, 2022, the Company used cash of $6,902,488 on operating activities. Cash used in operating activities consisted primarily of project evaluation expenses incurred on the Company’s properties in Spain, and corporate general and administrative expenses.
As at December 31, 2022, the Company had working capital of $16,116,276
that's how I read the financials posted on SEDAR