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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Pianoman1997 who wrote (77910)10/19/2022 2:04:10 PM
From: LoneClone   of 78404
 
That is really hard to nail down because there are so many moving parts to IAU right now.

Here's what I know. As of Jun 30th they had over $130M cash. (We'll get an update Nov. 9 when they release their Q3 financials.)

They are already making some money off the existing heap leaches that came along with the property purchases, and will be making more income once they start production at Granite Creek, early next year if I remember right.

Now that I think about it, that is probably why they are being vague. They obviously have no need of funding at this point, but whether they need more along the way depends of the exact timing of costs and income, which is always subject to change when you are starting up a mine, much less four mines and an autoclave.

Hope that helps, at least a bit. My hope is that they will not need any more capital, but it would not be huge surprise, or a major problem IMO, if I am wrong.

LC
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