Gold price, page-13492

Haha GE

Looking through some reports
BDR at this stage requires around $50 million
Per quarter to operate.

At $1350 per oz requires production at 37k oz per quarter

As BDR is not getting $1350 per oz
May need around 40k oz per quarter.

50k this quarter would require at least 30k oz next quarter
That puts them at sqaure one. $18 million cash.
That allows about $28 million cash this quarter
Minus 2.5mill debt repay.

Given more money will be required to upgrade the mill.
It looks pretty certain more funds will be required.
Especailly as these guys want there pay packets guaranteed.

There is an option, because of the rising POG.
to go in to more debt instead of capital raising.

I see last quarter $2.5 million paid to Satander
But other $4.2 debt drawn to pay it.
Other companies have net debt in the report
But not these bozos.
It is impossible to work out actual debt.

I can see BDR continue to operate.
But I cant see them posting a decent profit...
Will require a much higher POG

Cheers