Quarterly, page-5

No divvy, company is to small. Would be mad to sell royalty stream, that's what attracted me to TLM in the first place - company is essentially self-sufficient and they will stave off dilution because there will be little motivation to cap raise using equity. Show me another junior explorer with that sort of cash flow. Much smarter to grow the company slowly and incrementally, adding value to shareholders through the development of existing tenements, whether under their own steam or through a JV/farm in agreement with a bigger player.