RE:Financial statement available nowThis is the cash balance from the financials,,,,,,,,,,,,,
LIQUIDITY AND CAPITAL RESOURCES As at December 31, 2018, the Company had a cash balance of $58,892, a decrease of $1,851,942 from the cash balance of $1,910,834 on March 31, 2018. The Company spent $514,117 (2017 - $803,557) in operating activities and $1,480,075 (2017 - $667,506) on its mineral exploration project. During the nine months ended December 31, 2018, the Company received net proceeds of $142,250 from the exercise of stock options and warrants (2017 - $2,302,200). The Company had working capital deficiency of $605,618 as at December 31, 2018 compared to working capital of $1,293,626 as at March 31, 2018. Management estimates that the general operating costs, excluding share-based payments expense, for the next 12 months will be approximately $900,000. In addition, the Company has commitments of US$150,000 due under the Standby property agreement. At present, the Company may not have sufficient capital resources to meet its anticipated operating and capital requirements for the next 12 months. The Company anticipates raising additional capital to finance the continuous development of the Rochford project in fiscal 2019. The Company will continue to monitor the current economic and financial market conditions and evaluate their impact on the Company’s liquidity and future prospects