I love CAN management when I read this! We have SO much cash that we don't need to go the market for a VERY long time. Our grade and will be much HIGHER then BAT. Our cash costs will be much LOWER then BAT and lastly our recovery will much HIGHER then BAT. GTLA.
hard to see much here to like.
lousy grades and as a result probably massive dillution coming if they're to raise the cash needed to move project forward.
they spent $15 million last year and if memory serves have only $2 million cash on hand now.
out at $2.10 today with a (very) small profit
GLTA