toly writes: from what I can remember, the annualized cash burn of GWM was around $15m. This appears to be primarily an operating loss from LCM and GWTI.
Thanks toly.
So if we believe their unusually low project cost estimates (60m for a concentrator AND a solvent extraction plant), their annual cash burn is one fourth of their total project estimates. And none of their current businesses are truly profitable when we pro rate share compensation.
But if you were mining the street, I would say a sure symptom would be a high burn rate from compensation with an unrealistic set of promises for the future.
DYOR
6 times� really?..., page-16
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |