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Re: wshaw14 post# 20603

Saturday, 05/21/2016 12:20:39 AM

Saturday, May 21, 2016 12:20:39 AM

Post# of 24248
If it's this years cash that you are focusing on then you need to include debt repayments of around $6 million plus around $1 million payable this year (and every year) to Mr Winfield re his new royalty arrangement, payables if around $4 million, exploration costs etc. Even with lower corporate overheads ($4 million per year according to the last quarterly) how can cash flow be looking good when revenue is likely to be around $4-5 million only? Doesn't look good at all. Clearly there will have to be yet another dilutive raising very soon to stay alive.
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