Some interesting points I took from a quick scan of the quarterly report:
Grieve production is 2 years away.
Cash balance is $1.6M
Cash burn was $900k for the quarter just gone - but that included Ash Creek costs & that now has been sold.
Production for the quarter was 199 barrels.
Elk's line of credit is expected to be exhausted be the end of 2014.
It's little wonder the sp is where it is at sadly.
ELK Price at posting:
7.2¢ Sentiment: None Disclosure: Held
