Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (18549)	8/17/2006 4:24:45 PM
From: Amark$p	Read Replies (2) \| Respond to of 78410

thanks for the comments Marcos, just a guess... Assumptions/Observations: 1) Appears GGC expenses its exploration into Cost of Sales. 2) The new major exploration program did not begin until Aug 06, so we will have to see if GGC starts a new Exploration Expense line item starting 3Q. 3) C$1.9M in the bank as of 3/31 plus this quarter cash flow I guess at C$900,000. Also C$1.1M in accounts receivable vs C$.6M of payables (net C$.5M). Thus, I guess C$3.3M in working capital. So if that drill program costs US$5M, GGC will be hurting for cash by 4Q... (major drill program began in Aug). How much do you expect Phase 1 of the expanded exploration to cost?? This consists of: • 15,000 meters of trenching. • 50,000 meters of drilling. • A district wide program of reconnaissance mapping and sampling to refine drill target selection. US$5M seems high, I hope...