Ann: 2 x Gold Royalty Update, page-19

They will have over $1 M presently. The company has just completed the Rights issue by managing to sell off the significant shortfall from the Rights Issue and therefore took in just over $1.3 million before costs of the issue. So there is plenty of cash available at the moment. I think what TheSpaniard may be referring to could be one or all of several outstanding matters. They include :

• a debt of $330,000 owed to MXR for toll milling services and which was to be paid in Feb 2020 and which is now being pursued
• there are ongoing discussions with the company's insurers over a $600,000 insurance claim over failure of equipment at Burbanks Mill
• There is another issue with the Empire Resources claim that MXR owes them money but the arbitration on that drags on. It is a negative.
• Then of course he may also mean the potential for further cash inflows for the two main Royalty agreements once certain trigger points are reached (which are probably some way down the track yet.