analyst comment, page-23

Good points, Robot. From page 5 of the 4/29/16 MD&A:

Liquidity and Capital Resources

The Company’s cash balance as of December 31, 2015 was $214,482. The Company’s cash position is highly dependent on the ability to raise cash through financings and the expenditures incurred on exploration programs. The Company expects to require significant additional capital in order to continue the development of the ablation mining technology and to begin the mining of minerals.

On April 28, 2016 the Company completed a private placement raising gross proceeds of CAD $680,760 (US$543,456) through the issuance of 400,447 common shares at a price of CAD $1.70 (US$1.36) per common share, and warrants to purchase an aggregate of 400,447 common shares at an exercise price of CAD $1.70 per share. The warrants are exercisable immediately and expire on April 30, 2021.