I wonder how our cash flow is doing ? As of the last financials dated March 31st.
ASSETS
Current
Cash $ 1,062,825 March 31st We also had about -
Less $ 207,024 accounts payable from the amt above. So about
$850,000 at the end of March. Now almost 4 months later we have had some advertising fees.
Possibly land fees and
exchange fees.
Costs for the PFS and the Lilac work. Any guesses ? Before Nov 8th we also have have to spend
$200,000 US cash re the V.DJI option agreement. Pasted below.
Under the terms of the Agreement, Cypress will have the exclusive right and option to acquire a 50% undivided interest in Dajin’s unpatented placer mining claims and application for water rights in Alkali Spring valley, Esmeralda County, Nevada. Subject to TSX Venture Exchange acceptance, Cypress will allot to Dajin 150,000 common shares of Cypress and pay Dajin USD$50,000. Cypress will have a two-year period to complete its earn-in by issuing an additional 150,000 common shares of Cypress and performing USD$200,000 in exploration expenditures within the first year and USD$250,000 in exploration expenditures during the second year. Upon successful completion of the two year earn-in period a joint venture (JV) will be created.
There could be other costs so feel free to add.
To sum up we must be getting close to a PP. Let hope the PFS takes us to a better place before the next financing.