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21,375 Posts.
881
30/08/18
12:43
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James
It’s difficult to speculate what will occur in next 6 months
IMO
Regardless of production - whether it’s 1000 oz or so or even 1500 oz per month
How much cash will be left over after all expenses and commitments and exploration
The real issue that that cash position is borderline at this point i time
They have the gold royalty debt and many here believe they want their money back ASAP
IMO
Will Cash flows of $1m- $3m a quarter cover all future costs and commitments
Even at 10c - the market cap would be well over $100m not fully diluted
IMO
Need Earnings / profits to justify even this market cap
Dyor
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