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
25.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.13M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.5¢ | 25.5¢ | $79.20K | 282.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 326 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 2000 | 1 |
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| Last trade - 15.39pm 05/07/2024 (20 minute delay) ? |
| AHK (ASX) Chart |