Updated Balance Sheet based on 31/20 also when you update to new quarter still very good because more inventory,
Monument own a well maintained and centrally located 260ktpa gold processing plant, that is currently on care & maintenance. The Burnakura plant circuit was reviewed and a three stage crushing circuit was rebuilt and refurbished and transported to the plant site ready for installation. Continuous mine planning work, pit designs and optimizations have been prepared and are periodically reviewed.
Since acquisition, extensive development work has been carried out to organise the site and upgrade camp facilities. The onsite laboratory has been expanded and upgraded, the stores area was organized and the access road construction was completed. Site accommodation and catering facilities are fully functional and used for exploration drilling and are ready for a potential near-term re-start of production.
The last quarter balance sheet ending Dec 31/20 has been updated for recent changes in receipts and expenditures.
I assume that production cash flows will pay normal operating costs ie operating receivables and operating payables balance
CASH and Liquid Equivalents ( in $USD )
Cash at Dec 31/20 $14.5 m Add Mengapher Cash $26.3 m Add Tuckarnara Cash $2.2 m Saleable Gold Dores( 5000 ounces) $8.5 m
Total Cash and Liquid Cash $51.5 m USD
Tuckanara JV 20 % of ODY $20 m
Total Cash, Liquid Cash and Equivalents $71.5 m USD
Liabilities
Deferred Gold Stream $3.8 m Deferred Taxes $3.2 m
Total Liabilities $7.0 m USD
Total Cash, Liquid Cash Minus Liabilities = $51.5 m less $7 m = $44.5 m USD
Remove $20 million to fund Floatation Plant................................$20 m Remove $10 million to fund Murchison ........................................$10 m
Available Spare Cash and Liquid Cash for Contingencies $14.5 m USD
Commentary
With sufficient cash to cover all near term project expenditures leaving a significant surplus for contingencies, we are very well situated to begin adding cash from current and near term project cash flows.
MMY, balance sheet wise, is much better situated than most junior gold producer
