COMPANY ACTIVITIES UPDATE
- June quarter drilling services revenues generated of US$5.59M.
- June quarter gold sales of US$1.19M from trial mining at Ze Vermelho
- Assay results returned from drilling and underground face channel samples at Ze Vemelho trial mine
- Cyanidation circuit now scheduled for early September start
quarterly cash flow report should be out on Monday, but based on last quarterly expense that we should see around $2.3m cash increased during June quarter as CGM doesn't need to repay any debt last quarter, if that is the case this company is making $2m+ per quarter or $8m+ p.a., it's not hard to see why this can't achieve $50m MC in short term.
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