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Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals
Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Core Gold > no surprise
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Comment by mtsuiton Aug 31, 2016 7:55am
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Post# 25194348

RE:no surprise

RE:no surprise
bailey2 wrote: How much money do you think  Dynasty will need in new share issues?


Working capital needs to go from current -16mm to +5mm.  And the company is very likely still losing money every day and there's probably a backlog of deferred development.

Part of the gap will be covered by selling Jerusalem.

The rest will have to be new equity issuance.

I

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