Post by
nozzpack on Feb 22, 2022 9:14am
Balance Sheet Estimates
As of Sept 30/21, there was $10.99 m US in liabilities.
Kub received $10.9 million US for sale of Eastern Uk assets.
This basically removes all liabilities from the balance sheet.
There were $12.2 m US in assets mostly cash .
Remove $3.7 m US for Eastern Assets that were sold, leaving about $8.5 million as the net assets at Sept/31/21 .
Add 0.9 million US for sale of CLB assets.
Add $300,000 US for final dividend from Eastern Asssets.
I assume that RK production for Q4 /21 and Q1/22 will more than pay for operating expenses.
So, we would have about $9.7 million US = $11.5 million CAD as of March 1/22.
To these, we shall add the value of the Reserves including Staniske.
More on that Later..