It was brought up today by a poster in comparing CEO salaries.
I think in a lot of ways they are pretty similar.
MOZ 1.43 million oz proven
1.27 million oz probable
total.... 2.7 million oz proven and probable
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SGNL 1.422 million oz measured and indicated for open pit.
1.15 million oz measured and indicated (underground)
total... 2.572 million measured and indicated
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they are pretty close on the above.
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MOZ... cash $150 million CDN
available credit.... $225 million US approximately $300 million CDN
it was a bought deal financing which normally means a significant discount to what it was actually worth.
total cash available $450 million CDN
no debt
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SGNL
Cash... likely about $5 million available
available credit. 0 dollars.
debt. approximately $21 million CDN
the whole company signed over as collateral for the last high interest loan.
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How can a poster here compare the salaries of MOZ and SGNL?
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One is struggling to pay management. The other has nothing stopping them from moving ahead. they are not similar companies. They are the same only in resources.
I hope this doesn't get deleted because of spamming another company..... which I'm sure half a dozen of you will do. It is just comparing the two.