S2R
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2.78% 7.0¢ s2 resources ltd

We could be hero's, page-5

  1. LadyinRed
    376 Posts.
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    17/07/17
    10:11
    Post #: 25900860
    End of March Q they had $19.9m cash. They forecast spending $2.4m, including $850,000 on admin and staff.

    So that means $17.5m left vs market cap of $36m. Just under half cash backing.

    But you can't rest on cash. Wonder what exploration results we get for the $2.4m spend this Q. perhaps not enough to be a reason to buy in?
    S2R Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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