Ann: Quarterly Activities and Cashflow Report, page-86

The quarterly didn't help either.
3.3m$ cash burn instead of 1.3m$ forecasted is a big difference.
I had the next CR around june/july before this announcement which left plenty of time to get some drilling done, hopefully find something at Fish Hook or West End and lift the shareprice.

Now I expect a CR around april which put a lot of pressure to find something in a short time frame.
It seems that there's still some EM work and modelling to be done before diamond drilling starts in the new prospects.

There are short term corporate loans to extend the time frame and avoid low SP dilution but these are expensive with substantial fees and interest.

I hope the extra 2m$ cash burn came from prepayments for the agressive exploration strategy but I'll be honest and say I have no clue if that ever happens or even how these contracts usually work.