Bounce, page-22

Well:

1. They have 3.8m cash. 3.1m on hand at end of quarter plus 680k not yet settled from the last CR.
2. They are predicting less in exploration costs this quarter, obvious reduction in spending.
3. They are also predicting corporate costs to drop by about 800-900k this quarter back to an amount that resembles a company this size vs last quarters 1.1m in costs. Logically one would assume a major part of the costs of last quarter was listing on the frankfurt exchange.

So therefore based on the expected spend they still had about 6 months of cash left at the end of March which should take them through until their major sales income is generated.

Looks like you're wrong, again.