Need cash to commence operation of Trojan so the money isn't...

Need cash to commence operation of Trojan so the money isn't going to be coming from there this time around.  The $500K R&D was a bit of a lifesaver but now with only $656K at the end of the Dec quarter and a Jan-Mar forecast spend of $291K (I believe it will be more as their recent forecasts have under-estimated actuals) they really have no money to enact the 4th quarter development plans unless they raise money from somewhere.  Will it be asset sales (as previously stated) or will it be a CR?  I can't think of any other possibilities.  Progress of resource development is going too slow atm (and according to their activity plans) to give the share price a significant boost before another CR imo. 

They certainly have built up a good exploration portfolio but as we have seen progress takes a long time and more money is always needed to push forward.  Part of the risk of investing in highly speculative companies.