re: Ann: First Quarter Activity and Cashflow ...
I never said cash flow +ve. Unless they can gold pour some serious Ounces from Porcupine Flat and stop work on exploration/infill drilling it can be achieved. It sounds to me like a stop gap measure where the milling can be put to better use on third party ores while they get themselves set for their own production in the near future. Your guess is as good as mine when they can start production. I am sure management is trying hard to avoid the cap raising game to dilute patient LT investors. If I recall there are no director free options @ipo and they haven't rewarded themselves since.
This up coming gold producer is going places fast as soon as they are in production in their own right. Not many near producers out there so far with no debt.
ORS Price at posting:
17.9¢ Sentiment: LT Buy Disclosure: Held
