RE:page 14 bufordpusser,
You are way out-of-date, by several months at least. This may be correct before the discovery of FDV.
But after the discovery of this "living room event" the company has paid off all debts and has some $18M cash in the bank (see Corp Presentation 14 November 2018).
Spend some time catching up with your reading and add up the incoming revenue from gold sale (last Q of 2018: 19,512 oz) plus future sale of specimen boulders (quite a few more $M), plus closing of the PP (~$10M) in Jan 2019 (in fact RNX had to cut off the overallotment, since they have too much money, lol).
GH11
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bufordpusser wrote: As at September 30, 2018 the Corporation had cash and cash equivalents of $0.7 million. Management estimates that these funds will not be sufficient to fund the advancement of exploration properties, Beta Hunt mine operation and general and administrative expenses for the ensuing twelve months. Until such time that financing becomes available on acceptable terms, the Corporation has taken action to limit the ongoing exploration and evaluation work and reduce its operating costs. Accordingly, these conditions indicate the existence of material uncertainties that cast significant doubt upon the Corporation’s ability to continue as a going concern. The Corporation's ability to continue future operations and fund its exploration, evaluation, development and acquisition activities is dependent on management's ability to secure additional financing in the future, which may be completed in a number of ways including, but not limited to, the issuance of debt or equity instruments, expenditure reductions, or a combination of strategic partnerships, joint venture arrangements, project debt finance, offtake financing, royalty financing and other capital markets alternatives. While management has been successful in securing financing in the past, there can be no assurance it will be able to do so in the future or that these sources of funding or initiatives will be available on terms which are acceptable to the Corporation.