I watch the value of gold go down and ...We can already anticipate all the pressure that will be exerted on the CERT SP. Ideally, the gold would have to move north again so that Cerrado could possibly consider a positive casflow. If Cerrado succeeds in its bet of reducing its costs, what will remain of its cash flows when it has reinvested part of it in its boreholes and in the modernization of its facilities?
Be careful because a company that cuts costs will never achieve the same results as one that has built its structure of operations with this in mind.
Still under the theme of prudence, the fall in the price of gold puts additional pressure on the already very low level of its cash flow. $ 8 million in this context, it disappears quickly. Consequently, the fear of early financing is growing.