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Re: finesand post# 267

Tuesday, 07/24/2018 11:01:12 AM

Tuesday, July 24, 2018 11:01:12 AM

Post# of 393
A Quick Outline (update)

Just completed some updates on the GURE overview, see https://finesand.wordpress.com/gulf-resources-gure-a-quick-outline/

- 6/29 Provincial Gov Notice. Environmental requirement done for all 10 facilities.
- Remaining 3/4 requirements are paperwork and process only, anticipated approval quite soon
- Min 10,000 tonnes Bromine capacity @ $36M mostly negotiated w/ old customers
- 7/12 PR NatGas Equipment Delivered
- $237.37M or $5.07/sh Net-Net positive balance sheet
- $137.37M or $2.94/sh Net-Net-Positive after deducting maximum $100M rectifying costs
- Bromine prices up!

/01
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