funding for up to $25m from pacific road capit, page-20

I think now we can work out that the Glencore funding was for Development only and therefore the company ran out of cash for exploration. The company could have waited to be cash flow positive and then used those funds for exploration but why wait that would be boring wouldn't?
What an exciting year YTC has coming up with development of the mines and production mid year or when ever and now $10m+ of exploration.
Alot of us were complaining during the year why dont they drill at all the targets and I think we now know why. Now thats all coming up.
This stock is cheap for a reason, people dont want to own mining stocks right now and for good reason.
I think when comm prices turn and people become more positive this will turn to be a great investment.
At least I hope............