Doesn't include expenses since Dec 31.So i don't know if I am right.
They were at almost negative 5 million at Dec 31.
Plus 8 million owed to Auramet.
So negative 13 million.
Suppose a couple million spent this quarter (conservatively)
they raised about 20 million cdn through the desperation loan.
They might get a million or two from pointe rousse this quarter.
So someone tell me where i am wrong. After the big loan, they have about $6 million to survive the next however long? And now they have a $21 million dollar debt to boot.
I am not an accountant. If they have 6 million... and they are doing new feasibility studies, concrete work????. when do they run out of money?