Correct me if I'm wrong as I'm not near my computer atm, but the $6M gold bullion debt you have in your calculations is not an actual debt, but a loan facility, meaning they can borrow up to $6M US and repay back in gold bullion should they need further money for further exploration/processing/any other purpose.
This was done in order to not dilute the stock.
Also if you look at the last presentation (around August timeline) they mentioned the $9-11M amount of gold is for a duration of 6 months of mining.
Please confirm this as I am just going from memory.
AHK Assessment, page-2
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Last
23.0¢ |
Change
0.020(9.52%) |
Mkt cap ! $12.75M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $9.497K | 41.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 7008 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AHK (ASX) Chart |