Atlas Lithium Corp (ATLX): Well the figure says they can cover all...

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Re: Nounchus post# 26084

Tuesday, 09/12/2017 10:35:41 AM

Tuesday, September 12, 2017 10:35:41 AM

Well the figure says they can cover all recurrent costs due to operations in Brazil after the 43% increase. If this is accurate, then it should at least match cost of revenue ($43K last quarter). They specify however that salaries are also covered which would make it some percentage of SGA and compensation as well. However, knowing how much of that is Brazil vs US is something that MIGHT be in the numbers but I don't readily see it. Could be as high as $100k/qtr? so August would be that divided by 3, July would be like 60some% of that.

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