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Spur Ventures Inc SPVEF

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."


OTCPK:SPVEF - Post by User

Post by idlefreebirdon Jul 07, 2018 7:54am
134 Views
Post# 28282132

From May 22 to July 3 presentation

From May 22 to July 3 presentationPoet your welcome...

Assuming 22,000 ounces poured and giving $800.00 profit per ounce = 17.6 M 
Warrants were 19.3 M now 16.7 M AT .60 for cash on hand of             =   3.4 M
                                                                                                                   21.0 M

CAT Finance lease was 20 m and now 12.7 M FOR A PAYDOWN OF =     7.3 M
Restricted cash under company senior credit facility 6M to 17 M          =    11.0 M

Throw in some taxe money and we can see that our debt was reduced by 7.3 million and our liquidity cash from May 22 , $21.2 M is now as of July 3, $33 M has been put to senior credit facility..gltal

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