Re: Anon dumping NOT again! Rosbg
in response to
by
posted on
Nov 18, 2013 10:06PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Bankrupt? Nope, pretty hard to do with 16 million in the coffers by years end.
Right on the spot djje!.
Noront's interim financial report showed cash and cash equivalents as of july 30/2013
at 12.71 Million. Subsequent sale of 10Million of EAG shares brought $1.2 MIllion and
the sale of remaning 13.75 Million shares brought $1.6 Million, add that to% 4.75Million
they received in cash for a grand total of$ 20.26 Milion in cash.
Prior quarter they spent little over $1.6 Milion, so even if they burned through $4.00Mill
this quarter it leaves over $16 Million in treasury.You were bang on.
GLTY and all,
Fossil