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Post by pasacancha on Nov 11, 2008 16:22:28 GMT -5
Renrock was asking on agoracom about the Cash position. Here is my 2 cents. --------
Sept 16 joint Information Circular page A-10
"After giving effect to the proposed Arrangement, Duran will have approximately $3,650,000 of working capital available to it (before deduction of the expenses relating to the Arrangement) to achieve its business objectives."
$3 million post merger for Duran
If you assume $170/m x 500m = $85,000/hole
1.5 Aguila holes per month = $127,500
Pasacancha is slow but fortunately they pay for the drilling and not the time
Include managment salaries, etc and assume about $300k/month
Cash for 10 months
Hopefully the listing in Lima will bring some interest from different funds managers as well.
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