Post by
Coins2paper on Nov 21, 2024 4:44pm
Risks
Granite Creek Underground won't reach full production until 2026
Archimedes at Ruby Hill is 2 years away no permit
Granite Creek Open Pit still trying to get permits and drilling
McCoy Cove 4 years away
Mineral Point at Ruby Hill nothing happening
With the stock trading under $1 a reverse split unless 6 or months away they find money
Financing and debt restructuring is needed
They need at least $100 million by Jan 2025
Looking at a ATM program
Expect dilution in the next year
A lot of debt with little cash on hand and a aggressive cash burn rate
And the JV which could have provided near term liquidity was scrapped
It all looks great!
Comment by
Buckfinder on Nov 21, 2024 4:48pm
No risks !! 1/5 high grade fields in the best jurisdiction in the world are valued 50% MC - Granite is one ... and fixed VERY soon everybody is buying - Shorts are sweating glta