Pretty Mundane Stuff
The financials & Management Discussions just came out.
(Financial statements expressed in US Dollar)
For the latest 3 months ending March 31, 2017, the cash on hand was stated to be $2.5 million. No term debts to speak off other than trade payables & contingent liabilities such as reclamation costs, etc, Quick ratio is 1:1. Equity account is positive.
Current cash on hand should be around $10 million with the added final tranche funding of $13.8 million to the $2.5 million in April, 2017, subtracting $6.25 million for the Ivan plant. A similar copper processing plant will cost around $100 million Capex.
The Company appears flush with cash now.
The one million incentive options granted to the new IR VP Nemeth were set at $0.16 per share.