RE: I agree with..Will all the money I invested in Exmin so far, count on me, I give all credit to this management. It is actually why, at first, I got interested in this company.
This is about having the cash to realise our business plan. Financings for juniors is healthy, I can live with that.
WORKING CAPITAL:
As at September 30, 2006, the Company had working capital of $1,430,064 (Dec. 31, 2005:$331,590). The financings completed during the Period are the immediate cause for the increased working capital, providing the Company with adequate cash and working capital to fund planned operations.
But take in consideration the outflows that are coming in.
Generally speaking, EXMIN expenses about 400,000 per quarter. It has been steady increasing dince 2005.
SANTA MARIA DE MORIS MINE:
The remaining US $4,500,000 is due upon a positive decision to proceed after the completion of the due diligence. (we have a credit line already negociated for this)
MORIS AND ARECHUYVO PROJECTS:
Up to 200,000$ to be paid (conditional)
BATOPILAS:
520,000$ over 4 years
LAGUITARRA :
300,000$ over 3 years
ORIBO:
1,000,000 over five years
REYNA DE ORO:
7. US $250,000 on March 23, 2007;
8. US $300,000 on September 23, 2007;
9. US $350,000 on March 23, 2008;
10. US $400,000 on September 23, 2008; and
11. US $200,000 on March 23, 2009.
URIQUE :
200,000 to be paid
+ 450,000 to paid over 4 years
STREET TOWNSHIP:
250,000 + 350,000 to be expensed