TSX:LSG.DB - Post by User
Post by
Psalm9012on May 14, 2013 10:38pm
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Post# 21400421
Financial Position Looks Good
Financial Position Looks Good
CAPITAL EXPENDITURES PICTURE:
Capital Requirements 2013: $90 million
less Capital expenditures Q1: $36.8 million
Remaining capital requirements: $53.2 million
CASH & EQUIVALENTS AVAILABILITY:
Cash & equivalents: $51.9 million
Sprott line of credit: $35 million
Total $86.9 million
EXCESS CAPITAL AVAILABLE 2013: $86.9 million - $53.2 million = $33.7 million
OPERATING COSTS PICTURE:
Q1 average price oz Au: $1630.00
Q1 operating costs per oz: $982.00
so all other costs per oz: $648.00 (since break even for quarter)
if Q4 operating costs per oz: $700.00
and all other costs per oz: $648.00
then gold can drop to: $1348.00 and we still break even
I think the future looks good.
Wow, 2 hours into the quarter press release and no has commented – that’s how discouraged we have become.
Greg