One of the main things here for me remains the Indee payment.
$9.7M needed.
Based on current qtr costs, if they duplicated for April-June cash, cash would run out half-way through the year.
I'm not concerned about getting the money, i'm just curious to know which path they will take to get it.
We are going to need to $9.7M for Indee plus extra cash for the second half of the year for exploration/staff/admin.
So we are looking at around $15M for Indee and back-end of this year.
Possible close to $10M in options in November from KLA and DGO would help with 2020 unless they exercise early? Would need some confidence to want to do that.
Aside from that - love the 2Moz target for 2019. Love the plan/strategy. Curious to see how conglomerate changes things, if anything. Looking forward to the PFS.
As we get into the 2nd qtr it is getting close to crunch time on some key decisions. I don't think the BOD or the likes of KLA will want much dilution so i am wathcing with interest.
Let's see what Feb brings!
Ann: Quarterly Cashflow Report - December 2018, page-3
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