GREY:GDPEF - Post by User
Post by
LeftBookon Feb 09, 2019 12:52am
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Post# 29341298
amount owing to creditors
amount owing to creditors
I see $20M owed to creditors excluding amount owed to Sprott Lending.
Is that right ?
It also seems to be amounts owing for services rather than long term lenders.
I was expecting more longer term financing.
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That said, it is roughly in line with one year of expenses per the PEA.
Basically cash starved by design for the bulk sampling year.
$36M ( = 21,000oz of gold, $1250/oz USD, 75 loonie )
- $12.1M
= $24M/yr
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