Agoracom: Small Cap Investment - Fancamp Exploration - Re: FNC Cash Stash

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Re: FNC Cash Stash - goldhunter

in response to

Re: Loosing Track Here - FNC Cash Stash

goldhunter11

posted on Mar 29, 2012 01:13AM

goldhunter, last week I posted a cash estimate calculation based on the latest financial statements (period ending October 2011):

http://agoracom.com/ir/Fancamp/forums/discussion/topics/524972-market-capital/messages/1662123#message

Cash: $ 5.8M end of October 2011 + $ 6.6M December 2011 PP = $ 12.4M

Minus burn rate: $ 5M in 6 months = $ 800k/month = $ 4M for Oct. 11 - Mar 12)

= Cash $ 8.4M end of March 12

Assuming that there hasn´t been a big change with the burn rate (which might be the case because of additional drilling of Desolation and Beauce), we should have roughly $ 8 million in the kitty by the end of March !

Note: that only leaves us with 10 months cash, so I assume, we might see another PP by June/July. Hopefully, we have seen some nice results on the various fronts by then to keep dilution to a minimum.