NEW EDITION: STOP YOUR BS AND GET YOUR FACT STRAIGHT PART 2Our Bullboards bashers say the management is ‘’wasting money’’
Let’s see what they have spent the money on in the last 15 months
According to the filings on SEDAR the company had 616,060$ of payable in NOVEMBER 2020 at the moment of closing the MONSTER LAKE SALE.
Since then and convering FY2021 and Q1 2022 the company have spent 1,692,821$ in exploration and still counting
1,151,317$ in all other expenses. That is an average of 76,754$ a month including salaries.
For supposably salaries being scandalous in 15 months reported that’s a total of 344,467$... average of 22,964$a month. BUT if you deduct the money David and Martin reinvested in the last round of DECEMBER 2020 the net salaries paid is 256,467$ which is about 17,097$ a month.
The company is moving forward and is active, no cash flow only expenses, what do you expect?