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Message: Re: Decision made differently...It's the Feasibility Study, Stupid

Jan 08, 2009 03:55AM

Where have you gotten the 1 million per month number barker? This is from my 11/28 post. Information was from that weekend's Financial Sense interview with Webb:

BAIRES - BURN RATE

posted on Nov 28, 08 06:21PM

Yesterday you posted that we had 12-18 months of cash. It's much better than that. Webb said that current cash is 5.25 Million, and that they had reduced the burn rate to 150K/month. That's 35 months. Even at the previous 200K burn rate, it's stll more than 2 years.

So, it's even better than you thought. This is a keeper.


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