from what i figure... it's been a wacky day of people trying to analyze everything. I know that last line of 10Q is concerning to some - but it's really been on every 10Q prior to this one. Also, WORST CASE SCENARIO ANALYSIS:
1) The August 10 promissory note for $219,000, plus the CEO's private stash will can buy them time + continued production for at least one month. Until they can find more capital to work with.
2) August - will get them conservative estimate based on (750yd/day they gave * 20 days) 15000yds * 0.35g/yd * 1oz/28g * $1700 / oz = $318,750
3) Monthly operation = $270,000 estimated (or less).
4) September - their target is 1000yds/day. 20000*0.35/28*1700 = $425,000.
5) From this point on I don't think i even need to talk. PCFG can sustain itself within the next three months.
GO PCFGGGGGG I SHOULD BE STUDYING FOR MY EXAM BUT IM DOING THIS AT 3AM!!!!! Have a great day everyone!
