MD&A on overhead reduction, cash position $12.3M As posted on SEDAR this week.. plenty of room to breath for now.. waiting game until PEA.
"The Company has approximately $12,300,000 of cash and cash equivalents as of March 21, 2014"
[..]
"The Company’s management and board of directors have worked diligently to reduce expenses, and monitor these expenses against exploration activities. Duluth is continuing with its exploration program however at a reduced level and expects cash expenditures of approximately $1,000,000 for drilling, core analysis and exploration and $300,000 for land related expenses in 2014.
General and administrative expenses to support the Company’s active investor relations, financing activities in Canada and abroad, the exploration activities in Minnesota, and other corporate initiatives have been greatly reduced and the Company expects cash expenditures of approximately $4,400,000 in 2014 comprised of payroll related expenses of $1,600,000, professional services fees of $1,800,000, facilities and supplies of $800,000 and travel expenses of $200,000."