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
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