Quarterly Results …The Emergence of a cash cowStill a few production issues limiting production growth but added over $7 million US in cash in the most recent quarter .
We now have $23 million cad in cash plus another $8 million cad in bullion ...$0.09 per share .
AISC of $1115 US spot on the FS estimate.
So, we are adding $10 million cad in cash to the balance sheet per quarter which is about $40 million cad per year .....$0.125 per share.
This is real free cash flows to the balance sheet, elevating Monument to the elites of gold producers.
Easily warranting peer 7,5 times free cash flows, Fair value is now above $0.80 per share.
Mitigating the few issues still limiting production below breast plate levels and what I see here is the emergence of a cash cow extraordinaire , Derisking our investment while providing the necessary funds to fully implement the return to production of Murchison..