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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (145)5/8/2013 7:48:48 AM
From: Goose94Read Replies (1) of 202704
 
Cayden Resources (CYD-V) currently has a strong cash position with over two years of operating capital. The current treasury, including near-term receivables, is approximately $15-million, and Cayden is budgeting to have in excess of $9-million in the treasury in December after the 2013 drill programs and property payments are completed. Cayden has the unique opportunity to obtain additional non-dilutive financing with the potential future sale of its Las Calles concession. The concession represents a strip of land located between the operating Los Filos and El Bermejal pits that make up Goldcorp's Los Filos mine. Cayden's initial drilling in this area identified what Cayden believes to be the mineralized extension of the Los Filos deposit
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