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Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on projects in the Americas. The Company is the 100% owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina and is the 100% owner of the Mont Sorcier Iron Ore Project in Quebec, Canada. In Canada, it holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium project, which has the potential to produce a premium iron ore concentrate. The Minera Don Nicholas (MDN) property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. MDN is producing operating mining from two separate open pit areas, La Paloma and Martinetas. The Mont Sorcier Iron ore property is located just 18 km outside of Chibougamau, Quebec. The Property hosts a large Iron resource with significant and extractable Vanadium.


TSXV:CERT - Post by User

Post by nozzpackon Oct 31, 2024 11:38am
133 Views
Post# 36290671

Current Negative Working Capital less than $10 m

Current Negative Working Capital less than $10 mCerrado had a negative working capital of $81 million US at exit Q1.

Since then, operating  cash flows by exit Q3 has reduced it by $12 million US.

Since then , $60 million US from the final sale of Monte has reduced the negative working capital since 
Q1 by $72 million US.

That means that the current negative working capital is less than $10 million US.

Very high gold prices this quarter should completely eliminate the negative WC and begin adding cash to the balance sheet.

So, that worry is now out of the way..
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