RE:RE:RE:RE:Indicated reserves up 14% inferred 41% if they do nothing, those convertible notes turn back into cash and 7.5% interest.
last reported $329 mil cash balance and $138 mil coming from wheaton is not a pile of cash? toro is overfunded with that amount of cash. they probably have not spent a lot of cash on toro in the beginning phase. large capex equipment usually not needed until later. takes time to pave road for heavy equipment.
what are the odds of gcm not generating a lot of cash at current high gold prices?
Eap5522 wrote:
I don't think they have a huge pile of cash, they just invested $35 million in convertible notes in Aris