rmx will be needing cash soon?

I've been keeping an eye on RMX for a while, but i just cant see Management getting through much passed June, July or maybe August without having to tap the market for more cash.

from the April Quarterly for March YTD:

Cash on hand - 3mil
Cash spent during March Qtr - 3mil

Reading through the statements, i couldnt see any operations that might produce cash to support not having to raise further capital (assuming options are not exercised given current share price).

The projects and results from exploration look positive, but generating cash is still looks to be a while off yet.

Comments?