RE:RE:Grossly Oversold on Technicals and Value
Almost like he bating him. The cash level was cut in half not because of True North but be because of the ore stockpile that was not processed and sold. He put words in Huet's mouth and Huet did not clarify that point. He made the assumption that his investors know his business as well as he does. There was 16,160 oz mined and not sold last quarter. Assuming an average sale price of about $1,200 an oz after streaming agreement that would be about $19,392,000 added to cash. True North cost Klondex additional cash flow for the quarter but his statement that it cut its cash balance in half was a mistake on his part.