NYSEAM:SVLC - Post by User
Post by
shermandrockon Dec 17, 2013 11:06am
229 Views
Post# 22013699
Why the discussion about share issuance?
Why the discussion about share issuance?
Between the cash on hand, the likely Sandstorm $8M to $10M payment, continuing cash flow and the line of credit, SVL has sufficient cash to meet the mill expansion costs.
Currently, the mill is anticipated to be running ig January. By March, they will have it fine tuned and producing at at least 50%. This will of course increase the flow of cash from today's levels.
As for LaJoya, buildout expenditures will not likely incept for a couple years. Plenty of time for a buildup of cash levels to fund.
No need for share issuance.