my analyse of gcm if we analyze gcm full dilute
it gives about 73 m of share (50m + 12m (warrant) + 6.26 (eric) + 4.21 (debenture 20millon can converted)
-market cap full d. of 271m us (at 3.72 us share)
-cash in hand of 106m us (61m us (q3 cash on hand) + 12m warrant (2.21 can) + eric s cash (15m can) eric warrant convert (3.26m x 5.90))
- cash for 1-1 / 2 q4 (about 6 m)
- debt of 66m us (debt 68m - 1-1 / 2 q4 (2.5m))
cash equivalent (ssp share + all other thing) value about 30m us
for me i evaluate gcm like that
73m share
market cap 271m us
cash and equivalent 142m us
debt 66m us
230,000 oz production
if i am wrong just let me know