Balance Sheet Forecast at exit Q2/23At exit Q1/23 , Monument has $16,9 m US in cash and $14.3 million US in inventory which was 50% gold dore at cost.
The inventory is oxides so those will be liquidated to cash by exit Q2.
So about $31.2 million in cash and cash equivalents going into Q2.
Other than the bits and pieces on both sides of the balance sheet, the only signifucant payable was about +3.5 million US .
So, about $27.5 million in net cash and cash equivalents .
The FP was 85% completed at that time which leaves about $3 million US to expense to completion by exit Dec 31/22.
That gets us down to about $24.5 million in cash .
Now the only imponderable was the production in Q2.
2,5 m ounces in Q1, So I assume the same for Q2.
Loss would be about $1 million US and add another $1.5 million for G& M.
Sooooo, that leaves us with about $22 million US in cash and cash equivalents at exit Q2/23 ( Dec 31/22 ).
Which is about $29 million in CAD or over 9 cents per share in cash and cash equivalents , with the FP finished and into commissioning .
At 10 cents today, I only paid 1 cent for the real assets valued in excess of $100 million.
Plus $44.6 million US in forward non capital tax loss pools which means we won't be paying any tax on our mining profits and if memory serves me right some capital tax benefits .
Where can you find a better risk averse investment than Monument ...one that is on the cusp of becoming a cash cow within several months..