WGX westgold resources limited.

spec101, where do you see that burning money pit? From p.2 of...

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    spec101, where do you see that burning money pit?

    From p.2 of the Q (numbers Q specific):

    $47M cash.
    62,370 ozs. at AISC of $1,234.
    63,834 ozs. sold at $1640 oz.
    (50% of 4379 ozs. not in the figures.)
    Profit of $406/oz.
    Profit on all of them, $406 x 63,834 ozs. is $25,916,604.

    $47M cash + $25,916,607 = $72,916,604.
    Now, 1) is the $26M included in the $47M? (I think it is, need to re-read, but busy.)

    Using only the $47M cash, with another ~$26M from this Q; where is the capex being spent at the rate that a cr is in the cards?

    Thanks.

    OV

    OV
 
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