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Re: checkmate28 post# 33503

Tuesday, 06/06/2017 8:27:20 AM

Tuesday, June 06, 2017 8:27:20 AM

Post# of 35718
ORV.T PS, In F2018 they won't be out of the woods, but they will be on their way out. The BISA Bank Loan will be paid, they will start paying the $12M Samsung gold loan (another great deal) at a rate of $500K/mth which is less than their paying on the BISA loan now. They should still have some clean up CAPEX as well.
At this point, they should have some serious leverage to the price of gold, relative to their market cap, and will have proved they can put meaningful cash in the bank. The CIL circuit is the game changer.

On another note, gold is at $1293
Checkmate28

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