Q2 MD&AThe positive highligh from Q2 was the significantly positive cash flow despite the lower gold price as well as the outlook:
"At the current level of operating costs based on the current mine plan, the Company is expected to generate positive cash flow for the remainder of the year from operations even if there was a 15% reduction in the spot price of gold from $1,300 per ounce."
So Galane guides to have positive cash flow at $ 1,100 gold prices vs current $ 1,400 for Q3 and Q4!
Galane is trading at liquidation value. As of Jun 30, the company has net cash of $ 3.5m. Add two quarters of significant cash flow generation at current gold prices and cash by year-end will be more than current market cap!