@Chutney59 Thank you for your analysis and elevating the quality of the discussion. I agree with you
I have pored over the latest financial statements and noticed that the balance sheet and profit and loss statement relate mainly to the Gold Links mine in Colorado.
@Inisavestor I have copied and pasted a number of sections of the financial report that i found helpful in understanding the true state of the company. It is my opinion (based on the disclosures to date) that at the end of this raise, the company will have very little debt (somewhere between $2.5-3.5m) and that debt will be mostly owed to the Chairman and largest shareholder. I also noted a forgiveness of debt of ~$7m this year. The current enterprise value of the company is about $12 per resource gold ounce and no value has been placed on the REE potential or the strontium project.
DTR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
(20min delay)