Hi Folks,
Quarterly shows $3.875M in the bank with a cash burn last quarter of $984K. Projected for next quarter is $835K so that all seems good. A decision on the environmental approvals by May and then we can clarify the Raging Bull deal, and move to financing options. If this gets into production with anything like the projected numbers all will be forgiven.
I have been in since early 2015. This one has tried our patience time and time again. I am keeping the faith since the numbers on AISC and FCF are so good. We tossed these around a fair bit here in 2016 and 2017 particularly the AISC of $600AUD (after byproduct credits) whereas Oz industry standard is around $1000. There is room in everyone's portfolio for at least one low cap gold speccy IMHO.
cheers
ece
Hi Folks, Quarterly shows $3.875M in the bank with a cash burn...
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