Golden Lake Exploration Inc C.GLM

Glm cashed up

[Robertis1]

My estimates are $5m in cash. With the current $12m market cap the projects are worth $7m.  Dirt cheap.
I am estimating their cash - can someone verify or confirm?

all in my opinion

[BlueChipper2020]

They had $5.4M in cash as of November 30, 2021 audited FS on SEDAR. They had a cash used in operating activities of about $4M [This is a rough estimate of burn rate]. It has been 4 months since then, so assume they burn $350K a month so cash at March 31, 2022 would be $2.6M? The Q1 FS February 28, 20211 won't be filed until sometime in mid-late April so hard to know what the exact cash amount

[Robertis1]

Thanks for the info blue chipper.  Many juniors would love to be cashed up with 2.5 million 

[BlueChipper2020]

Yes you are right. I think I got spoiled with looking at NFG placements. LOL. I think GLM is fine in terms of funds. Not an issue anytime soon.  GLTA BC