They raised $54 in November and had $40 left in their summer fin/st. I think burn rate is higher than you think, that also assumes that they had no cash left at the time of last financing. Furthermore, are they a gold, uranium, or base metals? Lastly most the inst thathelped them to raise money might not be there next time around as they still have no production. Sorry
--------------------------
Sent using BlackBerry

He clearly still has no clue about Kodiak e.g.

- he "thinks" the burn rate is higher than I "think"

I guess his "thinking" is better than what the company reports

- they still have no production

I guess he hasn't bothered reading the company goals which say nothing about production

This guy is obviously a "shoot from the hip" type who doesn't bother to do research before opening his mouth.