I do think that we need more information regarding the future of our company, but what was previously said isn't really the whole truth.
Please see the following from the MDA:
As at December 31, 2012 the Company’s cash and cash equivalents were $772,284. Management and the Board of Directors are actively involved in the review, planning and approval of significant expenditures and commitments. The Company has access to sufficient funds to meet its current and foreseeable financial requirements that are due less than thirty (30) days. The Company has a net working capital sufficient to meet the commitment to spend $344,585 in qualifying exploration expenditures by December 31, 2013, as a result of the issuance of flow-though shares during 2012.
At this point, we don't need to raise any money to fulfill all of our commitments for 2013. While additional money, plans of a merger or a joint venture would likely help our company. We aren't in immanent danger... yet. In addition, we have enough money to spend $344,585 on exploration. With that said, we will need additional financing by the end of this year to keep things going in 2014 and we need a more concrete plan regarding what our options are.
Best Regards,
BW
