My first thought was they had not spent any cash and had...

My first thought was they had not spent any cash and had accumulated dollars through interest.
$5,238,000 in the bank.
I note they have farmed into :
Los Hatillos (Panama, 74 sq km, GCR earning up to 70% by spending US$4m by 2012, gold).
and
Labrador (Canada, 720 sq km, GCR may earn 50% by spending C$5.5m by 2012, uranium)

I think I have to many shares in GCR for now
Ouch !
Issued Capital
GCR’s issued capital is approximately 540.5 million shares, 11.5 million employee options exercisable at 10 cents by 10.7.2012, and 5 million employee options exercisable at 8 cents by 31.3.2011