Projects being evaluated are said to require low initial exploration expenditure I.e shallow drilling (unlike Columbus salt marsh) and is a smart decision given the tough micro/small cap market sentiment.
Extremely low cash burn too which will position us well for when the sector heats up again. Cash of 600k should be enough for tenement maintence costs, project acquisition costs and working capital too so fingers crossed we find a great project soon.
Ann: December 2018 Quarterly Activities and Cash Flow report, page-3
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