Quick balance Sheet Outlook At exit Q3, Signal had $12.2 million in cash, $4 million in investments for about $16 million in cash and cash eq.
In addition, assuming Q4 replicates Q3, gold productiin should add another $3.5 m - $4 million in cash flows and the inventory amounting to $6.5 million at exit Q3 should add another $3.5 to $4 million when the finished gold ingots are sold.
We have +10.7 million in loan from Auramet and payables of $8.5 million.
Plus of course , the legacy assets of mill, reserves and advance projects which I have already scoped out.
Auramet International LLC of curse was recently appointed as our financial adviser in conjunction with project financing for the company's 100-per-cent-owned Goldboro gold project in Nova Scotia.
Auramet currently pursuing a robust solicitation process for project financing and advise on the structuring, negotiating and closing of a comprehensive financing package to advance Goldboro toward production.
Given its wide precious metal experience, Auramet May also be seeking a buyer for our soon to be legacy assets...but this speculation in my part
We are now more than 4 months into that process, so a financing package should not be that far away.
Assays confirmining or otherwise a third open pit to the West of the current two pits in which the current FS is based should be the next significant news.
GLTA