Interesting CompanyI still have more DD to do but this looks like an interesting company that has money in the bank with some future cash inflow to minimize dilution. They also have a couple of interesting properties that will provide a steady flow of NRs from drill results and an initial resource estimate.
Cash
-$3.5M on hand with $2M expected between now and end of June from Agnico Eagles
-Another $2M from Agnico Eagles in Q2 2017
-Approx $6.5M in options/warrants currently in the money.
Sandra Escobar
-Option to earn 65% with $4M work commitment
-Successful 2,000m Phase I drill program showing high grade silver at/near surface
-3,000m Phase II drill program began in February
Coneto Silver
-45% Interest with a 100M Oz Silver target
-93 holes over 33,400m drilling completed,
-Initial resource expected Q2 2016
-Phase 5 Drilling to begin Q2 2016