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Solitario Exploration & Royalty Corp. Message Board

  • augustusgloop augustusgloop Jul 6, 2013 11:44 AM Flag

    cash burn / financing

    anyone have a handle on this? They should have $4million from Sandstorm that hit their books in early 2013. Burn rate in 2012 was ~$3.5 million. decent current ratio EOY 2013... obviously no income, KGC investment worth less and less each day...

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    • Yes, Augustus, it is true. That's the reason why your message didn't get any replies.

      • 1 Reply to warmcamp
      • They have enough cash to get them through this year. Next year they will probably have to raise another $4 to 5 million prior to project financing. With gold at $1,200 OR zinc at $.85, Solitario is still a viable concern, not so much beyond that. If gold OR zinc rebounds, then all investors at these levels will be very happy with their returns. Management has always found a way to raise cash on favorable terms and they have huge personal incentives to keep the boat afloat. There is still some project risk here, but the major risk to Solitario's future is a long period of depressed prices for gold AND zinc. I continue to average down. Time will tell.

        Sentiment: Strong Buy

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