patientx

On 1/15/2020 at 8:27 PM, drbubb said:

FREE CASH FLOW ESTIMATE, for 2019

Free cash flow and balance sheet continued to be positively impacted.

================ US$ . YE.Dec.'18 :  9-30-2019 :  YE.Dec.'19 :
Cash balance stood at.   : $36-million : $63-million : $84-million:
Sprott private placement : - - - - - - - - -  : +15-million : - - - - - - - - - :
Convertible debentures   : +20-million :  - - - - - - - - -  :
Gold notes outstanding   : $88.3 mill.  : - - - - - - - - - - : $68.8 mill.:
Repayment, Gold Notes. : ========= : - 20-million :
Starting Cash, YE-2018. : $36-million :
          + Net Cash in         : $35-million :
          - Net Cash out.       : (19.5 mill.) :
Cash from Operations    : $32.5 mill. : / 53.2M sh.OS = $0.61 per sh. *             
Ending Cash, YE-2018.   : $84-million :

* & / 240.0k oz = $222 per ounce of Gold production (@ est. $1396)

Note; so Estimated Free Cash Flow of $0.61 per share; AFTER cash spent on Mine development,.

Did you include the cash used to buy shares of Gold X, Sandspring, and Western Atlas during the year?

That was cash produced which was then used for investment.

The 20-million convertible debentures are in Canadian dollars and should be converted to US dollars to match the other US dollars.