I'm not up to date on the burn rate for KRY, but GRZ has around $60 million in free cash at the present time that they have invested in various ways to get a return. A significant part of that is investments in other PM companies which I understand are doing quite well. This goes part of the way towards paying the interest cost on their convertable bonds and other expenses, and keeps their net expenditure lower than it would be otherwise.

I was under the impression that KRY has little free investable cash, so they may not have this advantage. Can anyone with diferent information please post it.