Post by
nozzpack on Mar 05, 2024 1:53pm
$29 million cad in Cash and cash equivalents
8200 ounces of gold in concentrate in inventory proceeding through the sales lines, valued at current POG $22 million and $5.5 m US in cash worth $7.0 million cad for a total of $29 million cad in liquidity available to pay for operational expenses along with rapidly incresing cash flows .
So, we are fully fundable for expenses related to resumption of production at Burnakura mill, including a capital upgrade of the mill to 600,000 tons per year , including also grade control and configuration of mining benches as part of the FS for the new high grade open pit at Turnakura.
....... noting that ODY pays 80% of most of these capital development costs