Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Re: Burn Rate
3
Oct 20, 2007 08:27AM

Oct 20, 2007 09:27AM
1
Oct 20, 2007 10:13AM

Re: Burn Rate

posted on Oct 20, 2007 10:43AM

Slug,

I was wondering about that burn rate also....at the AGM last November I think the number $1,000,000 per month was mentioned and when we visited the mine in April I thought the number talked about was about the same....$3.38M seems high to me, especially when they had only $6M in working capital at the end of June (as per financials and discussion on Sedar).  It is true that they are getting revenue now from gold sales, but I hope this can become cash flow neutral soon or there may be more dilution.

Lion 

 


Oct 20, 2007 12:35PM

Oct 20, 2007 12:43PM

Oct 22, 2007 06:10AM
1
Oct 22, 2007 06:44AM
Share
New Message
Please login to post a reply