Time for an EGM, page-35

Batboy, its not about the gold not being there

They have been saying the gold is there for countless years etc..


Batboy - Cash is the life blood of any small spec miner

500 oz per quarter = $800k in sales approx. before operating costs AISC
1000 oz per quarter = $ 1.6m in sales approx. before operating costs AISC
1500 oz per quarter = $2.4m in sales approx. before operating costs AISC

They have drawn on CN $2m cash well before end of September 2018 qtr

Quarterly operating costs -including salaries still add up- the geologist alone is on $300k plus if I am not wrong plus mine equipment machinery etc.....

Gold Debt as per annual report last quarter $1.759m alone

Exploration costs - JV $3m etc....


DYOR