News today MD&A "
As at April 30, 2012, the Company had cash of $118,526 and working capital of $47,061 (January 31, 2012 – cash
of $324,816 and working capital of $232,933) consisting mainly of proceeds from the IPO and the exercise of stock
options. Cash decreased by $206,290 during the quarter as a result of funding its administrative costs and incurring
exploration expenditures.
Management believes the Company will be required to raise additional funds to meet anticipated administrative
expenses and required exploration and development expenditures on its properties over the next fiscal year "
Good luck to all