Cash on handCash on hand at the end of September CDN 1,580,615. One more million coming in December.
I am surprised Newmont did not pull the plug on this venture, but there is more to this game than we know. The drilling results from this year make me question Newmont's advanced gold finding technologies. I don't believe GSR management has any access to data collected by Newmont, they are just watching from the outside and nod at whatever Newmont says.
The spinoff for LuckyStrike property was supposed to "allow Goldstrike management to focus their efforts on the Company's existing strategic partnership regarding the Plateau project with Newmont Mining Corporation". I fail to see their contribution to this partnership and I think they don't have a word to say in what is going to happen next.
GLTA