I'm even more confident in GCY and it's management after reading this report.
Production down.
Grade down.
Recovery down.
AISC up.
yet...
March Quarter
Cash & Equivalents = $27,000,000
Debt =$17,500,000
Net Cash =$9,500,000
June Quarter
Cash & Equivalents =$27,900,000
Debt =$14,000,000
Net Cash =$13,900,000
Net Cash build June quarter of $4,400,000
Exploration Budget $2,070,000
Total Free Cashflow after Capex and sustaining costs at $6,470,000
If this happened during a challenging quarter, imagine what sort of cash this company can generate when things go well?
I'm even more confident in GCY and it's management after reading...
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