RE:RE:RE:RE:POG is flatmini man wrote
Well your buddy is right on one thing.......... there will have to be major capital expenditures to catch up on all the delayed projects......... diamond drilling , mill overhauls, road construction etc etc. The present cash levels will not look so healthy by mid 2021
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Well lets add it up. Cash at Sept 30 last year. $175 million US. Add $100 million US for Snowfield sale. Add $60 million US free cashflow for fourth quarter of 2020. Add $120 million US for first six months of 2021.
Not being an obvious math expert such as mini i have a hard time adding up numbers this big but it appears that by the middle of this year PVG will have around $455 million US in cash. By the end of this year they should have aprox. $575 million US in cash.
In aprox one year from now PVG will have aprox. $600 million US cash in the bank.
Either i am missing something or mini is not very bright.