At first glance our June 30 cash balance looks dismal but taking a closer look we should be just fine. Balance June 30 of $449k Raised $2.4m July Fuyang $1.5m (Copper sale waiting ODI approval) You could argue the project would be worth more in todays market with the current price of copper if it fell thru thou unlikely. Rincon $4m US = $6.1m (DD imminent) Ultra owes $1.1m We owe Mena -$500k ($500k still available and extended until Jan 2025 unsecured at 5%) Cheap Eqaudor -$300k Assuming everything above works as it should over the coming months we will be in a very strong Cash Position of $10.18m EV of $10k Let that sink in. Cheers TP p.s I Failed Math's at school also English so if I have the numbers incorrect speak out.
PNN Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
