RE:RE:Show me time on Friday, October 30, 2015Aweel, the financials are out...and there ain't no $10-million in the bank at October 23, 2015, if the payables are factored in, nor was there at August 31, 2015.
Current assets are $10.7 million at August 31, and current determinable liabilities (site reclamation liabilities are a bit murky, so I'll leave $ 3 million put) are $2.7 million, for a net cash position of $8 million.
Cash-cost corporate admin seems to be running at $250,000 per month, exploration at $565,000 per month and mine operating must be about $100,000 per month.
September and October would be two months at $915,000 per month, for a total of !,830,000, so net cash at the end of October should be $6.2 million (quite a bit below $10 million. hmmmm?).