Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: CusterInvestor who wrote (56183)	1/30/2008 3:12:01 PM
From: ogi	Read Replies (1) of 78416

As of Oct 31/07 CPQ had 1.8 mil in cash. 4 mil options outstanding priced between .37 to $ 1.80, so all are in the money. Last weeks financing brings in 10,125,000 then there is an over allotment of up to 1.8 million more units, which will get done so that is another 4,050,000 PLUS the company can do its own non brokered PP for another 1,575,000. All in about 15 million after fees without any cash from options and the PP was with 2.25 million warrants priced @ $ 3 , so they have the potential of providing another 6 million 750 thousand dollars in to the CPQ treasury. Bottom line, at a burn rate of 1 million bucks a month they are good for more than a year. At this point financing is a non issue. It is all about how they can develop the deposit in the next year. Cheers, Ogi

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