Re: burn rate....you got me wrong, LePenseur
in response to
by
posted on
Mar 01, 2011 04:43PM
<<< Where is the cash to keep drilling at Borden.... >>>
I spoke with Dave late last year and asked the same question. At the time he said we had more than enough cash to get Borden to a 43-101 (about 20,000 metres of drilling). As well, there had been more money come into the kitty from warrant conversions from earlier PP's, and from options that were about to expire.
Dave has always been straight-forward and when he says PRB is not currently looking for more financing, I believe him.
I'm sure, however, he will be getting this question alot at PDAC, and I look forward to relaying the answer.