Post by
Oregonduck on Sep 21, 2021 1:42am
Let’s Do the Math
As of July 31, 2021, MTX has $1.8 million (rounded) left.
“...Exploration expenditures of $347,191 have increased significantly from $188,170 in the prior period. This is due to having an active sampling program for the Quebec project during the summer of 2021. In the prior period, there was not an active project an Exploration expenditures related to project maintenance. Please refer to Note 7 in the financial statements for additional detail on exploration expenditures.”
The Co spent roughly $535,000 (rounded) on Que to July 31.
Of the $3.1 million raised - $1.7 million were flow through financing for Quebec only. So far, they have spent $535,000 on lab and exploration there. Around $1.0 million or less are left for Que out of $1.8 million in the kitty.
If Chuck found something, he will need to raise funding at 5 cents that would be hugely dilutive without a rollback.
Chuck said he did contemplate rollback back then.
POS
Comment by
Matteo1234 on Sep 21, 2021 5:33am
He's pouring a lot of his personal wealth in Cantex. He suspects that it will be a world class mine. Other than his horses and his lab.He's spending millions.
Comment by
coolshivers on Sep 22, 2021 9:04am
"before he packs it in" yup! Time to deliever on a life of path finder minerals that found nothing of scale.
Comment by
Matteo1234 on Sep 23, 2021 7:10am
Why did you buy more then ? What a pity party. When silver rallies it will rise. Electric vehichles Pappy dog. They need the metals. Silver will move soon. Don't mess up your Depends.
Comment by
pennymaker69 on Sep 22, 2021 9:06pm
Learn to read i said 1.8 million is plenty left for drilling. There will be a drill program. There will be results. It could go up. Maybe not. Also I changed my mind when he answered questions at the agm.