Ann: Quarterly Activity and Cashflow Report, page-2

At first glance our June 30 cash balance looks dismal but taking a closer look we should be just fine.
Balance June 30 of $449k
Raised $2.4m July
Fuyang $1.5m (Copper sale waiting ODI approval) You could argue the project would be worth more in todays market with the current price of copper if it fell thru thou unlikely.
Rincon $4m US = $6.1m (DD imminent)
Ultra owes $1.1m
We owe Mena -$500k ($500k still available and extended until Jan 2025 unsecured at 5%) Cheap
Eqaudor -$300k
Assuming everything above works as it should over the coming months we will be in a very strong Cash Position of $10.18m
EV of $10k
Let that sink in.
Cheers TP
p.s I Failed Math's at school also English so if I have the numbers incorrect speak out.