Things look very different with today's gold price.
So at current prices, we make a tick over $44M in the first (current) year mining Mt. Boppy. That clears the $22M debt and provides an additional $22M in working capital. Considering the IPO provides the funds for extensive drilling of both sites over the first year, we could have upwards of $22M in cash at the end of this current financial year. Obviously this is subject to change due to gold price fluctuations. Could be more, could be less.
Things look very different with today's gold price. So at...
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