Yep, burn rate is zero.

$6M cash to be deposited in the bank from Cliffs.

The processing plant looks like an absolute beautiful thing to me. Some may see rusty buckets. I see years of beauracracy and infrastructure....money can't buy that in short order. Expanding the mill is much easier than building a mill.

If times continue to be as they are, a lot of juniors may not make it. UC looks like it will and may even be able to take advantage of some great opportunity. I'm guessing that's what Intenwash sees? Ironic becasue I was of the opinion that Intenwash was wanting to pile as much money into the Ringo as he could afford. Now that UC is out, he wants more!

Being cash flow positive in this market, at these times is extraordinary. I'm sure management has a completely different outlook and focus than in the past.