Interesting thought Panda. It is going to be really interesting...

Interesting thought Panda.

It is going to be really interesting to see how much cash is leftover.

They also have debt of $35M. If AISC was $2000 per oz, then there could be $25M leftover in cash.

That would then equate to -10M in net cash.

Until they can pull out gold above 2 g/t, I doubt anyone would want to touch this.

If these guys raise $10M, one would think that it would need to be at 15% - 20% discount. This could be 16 - 17 cents.

The best way to get interest in this stock, is for BD and team to produce 40,000 - 50,000 oz over the next 6 months and $1250 - $1300 AISC. If not, then this company is going to be in trouble.

Main issue is that BD and his team have lost the confidence of the market.

Appreciate anyones point of view.

DYOR