Just noted the following from ann. 5 October 2020
For 100% of Chuscal to LCL, Anglo Gold Ashanti will hold;
"10,476,597 fully paid ordinary Los Cerros shares (LCL Shares)
15,430,648 options to AGA, with an exercise price of $0.16 and an expiry
date 12 months from the date of issue"
Presume Anglo will exercise to add nearly $2.5 m to the cash balance of $7.9 m as at December 31.
Cash burn of $1.2m per quarter.
In good shape for a lot more drilling.
Just noted the following from ann. 5 October 2020For 100% of...
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