GREY:ALXDF - Post by User
Comment by
production05on Dec 20, 2016 10:50pm
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Post# 25628076
RE:RE:NR - $5.1 million financing closed
RE:RE:NR - $5.1 million financing closedHey Goldhunter11,
We can then add this current injection of $4.8 million cash to the already existing cash/current assets position.
Everything combined, Alexandria`s cash/current asset position is now probably around $7.6 million.
Probably good for 2 years of exploration programs at Cadillac Break. They can manage to this amount by speeding up or slowing down or eliminating certain exploration programs, and allow market conditions to dictate burn rate and pace.
Per the November 1st Corp Presentation (pg 15), Alexandria had $3.0 million in cash/current assets. It is now 20th of December. Let`s say that this existing position is down to $2.4 million (pre-Probe shares).
Alexandria received 300,000 shares from Probe Mines. Probe is trading at $1.20 currently, thus the shares are valued at $360K. Let`s add this figure into the mix, as it is a current asset component (liquid, and can be cashed in at anytime).
$2.4 million + $360K = $2.8 million existing cash/current assets (roughly)
$2.8 million + $4.8 million injection = $7.6 million (roughly)