Ann: Regional Exploration Program Update, page-3

With about a dozen known well known prospects/old timer mines in the tenements they could have farmed out two for cash and still held a 50% holding. Here would still be 10 prospects held by the company but importantly the company balance sheet would be more robust.

Either management know now with the progress being made at MS they don’t need the cash or they know top shareholders are willing to stump up emergency cash if needed.