Correct on the numbers for the Cash in the hand. however there are receivables to mention a paltry couple hundred thousand and 5 million + sitting on the pad waiting for the dozer to push into the chemicals.
Fact is,, they need to find more dough again and fast.. the problem with this board is ..They are to consumed in spending hand over fist to build this mine and extend the leach pad and ramp up production, they are lloking and only looking at buildine a mine.. this will be the down fall of this company.. they need to learn to walk before running and stop tripping over their laces..
Heres what they need to do..
Be happy with what they have now. hold back from throwing every $ to building this mine. process what they can now== even if only 20 ,000 per year, concentrate on steps to improve the recovery from 40% to 75 -85 %. increase the value of this property and the SP ==through aggressive drill program == good results will then give better share value which adds more value to the property and better chances at getting funding at better and higher share value.
You don't have to be a rocket scientist to figure this out. get rid of 2 of the stooges who are useless,, USELESS like a couple t eets on a bull...
Give me 60 days and I'll turn this around and not charge a penny.