GREY:PGDIF - Post by User
Post by
ekimon Jan 28, 2016 11:16am
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Post# 24501641
$4 million reference
$4 million referenceFrom the Earnings MD&A
"At December 9, 2015, the Company had working capital of approximately $2.7 million and cash resources of approximately $3.4 million. The Company does not have sufficient financial resources to complete all of its currently planned exploration initiatives, further exploration and development of the Company’s mineral properties in the near and long term will depend on the Company’s ability to obtain additional funding through equity or debt financing or through the joint venture of projects.
The Company estimates it will require additional funding of approximately $4.0 million in order to finance planned work programs to the end of September 2016. These programs are designed to advance Chidliak through completion of potential resource statements for the CH-6 and CH-7 kimberlites and the delivery of a planned PEA in 2016."
LONG...PGD
EKIM