RE: Next few weeks9 Jun 2025 17:17
A question for Doc Legal and Seingred, unless we get a jv for El Cedro i think its nailed on that Brad will raise before January.
What you say.
Per Brad last weeks presentation we have 4.5m dollars in cash. We need 1m dollars for El Pantano and would guess we need at least 1.5m for directors salary and 2 stock market listings, the usual cash burn is around 2.5m each year.
We need to do work on El Cedro which per brad its very expensive to drill there. We need to keep drilling for next 6 months on Pepas thats without doing anymore in North. We need to do work at Apta.
so 4.5m less 1m for El Pantano gives up 3.5m
Directors salaries stock market listings 1.5m takes us to 2m left so 2m to drilling Pepas and El Cedro.
Some on here think we will be extracting gold and smelting it and have money in bank by December.
Per Brad if Pepas is an open pit then they need to build a road, perhaps this will be done in 2 days at no cost.
Perhaps all the environmental permits and studies could be achieve in a month or 2.
Its gunna take a minimum of 12 months at least to get everything stamped.
unless we get a JV in which another companies gunna stump up 5m or 10m we are raising in December or Jan this coming year. Do you think that 2 million dollars is going to be enough to drill Pepas for 6 months Apta and El Cedro and pay for all permits,before December the next raise is nailed on. The only thing we hope is that brad will get some good drill results from EL Pantano to get the share price up, or Drill some at El Cedro to attract a local company who will pay for drilling but I bet Brad will want cash payments as well.
If you think anything less youre not being realistic.
We have herd one or 2 views this is my view, someone will be right and someone is dreaming in cookoo land. I suppose miracles can happen. Over to you guys.