RE:Shiftyone
Management of the Corporation anticipates that the Available Funds will last 12 months
There was $7.5 million in cash at exit Sept 30.
Planned expenditure was $1.5 millon for the plant upgrade .
Neither the FS upgrade nor Stoger drilling ...$1,5 m ..has taken place.
G & A Working capital is about $1 million per quarter.
So perhaps up to $3 million has been spent to exit 2024 according to the spending plan .
Reallcation May have occurred....eg grade control
In Q1 we shall see incoming cash flow from stockpile production, so realocation of funds to grade control may have taken place so that test mining of HD can begin right after the mill is comissionred
using stockpiles .
Then there is that $8 million in potential cash from Warrants.
Things are heating up over at NFG.
Just a guess but that tolling MOU activation could see action in Q1 of 2025.
That could get those warrants into the money..