RE:Financial statements 3rd quarter Ok, I see it here:
CASH AND CASH EQUIVALENTS At July 31, 2020, the Company held one cashable guaranteed investment certificate (“GIC”) with a total value of $225,518, interest at 0.80% and a maturity date of April 17, 2021, and another cashable GIC with a total value of $250,943, interest at 0.80% and a maturity date of April 28, 2021.
This is what I had referred to in my other post from the MD&A (below) They had already sold half for I think $340,000 or so a few years back to New Gold, so would infer they'd be able to get at least that much for the remainig 1% interest if they were to choose to do that, as opposed to holding onto it in the hopes of $2,000,000 which could happen if their property were to go into production.
New Gold can purchase the remaining 1% for $2,000,000 cash. The thirdparty private company became a related party subsequent to the transaction. On June 9, 2020, New Gold announced the sale of the Blackwater Project to Artemis Gold Inc. (“Artemis”). The Company’s Key property NSR is contained within the Blackwater Project. On August 26, 2020, Artemis announced the results of a Pre-Feasibility Study based on a revised development approach to the Blackwater Gold Project