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Message: Negatives

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 

 

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