Andover Mining Corp. V.AOX

How much cash do they have?

[kingplaya4]

Kind of given up on this company as I was waiting and waiting and waiting for Trixie, but the insider buying helps a little and the reality is is if just one of their projects were to take off, this company would obviously be worth a lot more.

One thing that's always a concern with these juniors is how much cash do they have? A dilution would be really  tough at these levels. Does anyone have a clue?

[slaveonfools]

Im not sure how much $$$ they have but I vaguely remember GB saying that the drill program at Sun is fully funded for the season...

[yellowjack]

If I recall correctly,  (possibly saw it on a recent video presentation) the JV will fully fund the opening of the Trixie and the the Burgin mines thereby  funding the dewatering of the Burgin. The drill program in Alaska is funded through to a 43-101 (or something similar), and Kennecott is paying the bills on the Big Hill. The only cash they need is for Friday night parties

[kingplaya4]

I guess I'm out of date, since when do they have a JV partner? Besides the possibility of RIo if they want to go ahead on the utah land which as far as I know isn't a certainty?   Could you link me to the video presentation? Thanks, David

[slaveonfools]

They dont have a JV as of yet but there is a rumour that there is an offer in from a group of Aussies and Rio has option to match the offer... Heres link to corporate presentation https://www.youtube.com/watch?v=U8PdbNa1RqM