GREY:GIXEF - Post by User
Post by
2investorknoton Nov 12, 2015 11:56pm
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Post# 24287757
MD&A filed
MD&A filed Excerpts
The Company’s working capital balance on September 30, 2015 was $681,863 compared to $1,288,220 at December 31, 2014. As of the date of this MD&A, the Company’s cash and working capital balances are approximately $640,558 and $612,757, respectively. Due to adverse economic conditions in the industry, the Company will continue to conserve cash and keep operating costs as low as possible, while focusing on maintaining the Tepal Property in good standing.
There were no significant capital expenditures for the period ended September 30, 2015, and none are planned for the balance of 2015.
Also on page 20 - a little reminder that --
Summary Economics
2013 PFS Study economics are detailed below. Economic metal prices used are derived from statistical trailing price averages for three year, four year and five year periods through February 2013. Four year trailing metal price averages are used for the base case economics outlined below unless otherwise noted. All dollars are expressed in $USD.
Three year (“3 Year”) metal price average: $1,518/oz. gold, $29.58/oz. silver, $3.71 /lb. copper
Four year (“4 Year”) metal price average: $1,390 /oz. gold, $26.03 /oz. silver, $3.44 /lb. copper
Five year (“5 year”) metal price average: $1,286 /oz. gold, $23.68 /oz. silver, $3.32 /lb. copp
The above pretty much sums it up. Kinda explains why we are sitting between .02-.03 share price.
Looks like the only hope is their wish for a Strategic Partnership or a Merger with, or acquisition by, a well-financed mining company but so far no luck on that front.