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Ann: Quarterly Activities and Cash Flow Report, page-5

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mostlyright

119 Posts.

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30/01/16

02:04

Post #: 16901746
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Originally posted by Tarzan183 ↑

It's with the BC Government now. The company has done everything asked of them and it's now just a process within government to approve the application. I think the initial estimate was probably fair, however the government now institutes tougher requirements for permitting than they used to, which probably explains why they continued to ask for more information from Atrum last year and why the estimate of H2 2015 was not met.

It is certainly frustrating, but think of all the upside from here when the permit is finally granted

As for cash, it looks like there is $6mn (after the rebate is paid). There are 4.3mn 30c options expiring in July, so this should provide another $1.3mn at some stage in Q2. That makes a total of $7.3mn plus the unused portion of Lenark line of credit which is circa $1mn..... So there is a total of about $8.5mn available over the next 6-9 months which really should be sufficient given there are no plans for increased exploration expenses this year.

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You are a barrel of optimism tarzan. Those oppies are looking pretty sick.

ATU Price at posting: 36.5¢ Sentiment: None Disclosure: Held
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