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bell345   Tuesday, 03/22/16 08:51:58 AM
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"Financially, the company is a rock, as shown on the first quarter financial statements filed August 31. It had C$8.7 million of working capital at the end of the first quarter (ended June 30). Of that, C$8.1 million was cash and it had no long-term debt outstanding. Therefore, the company can easily meet the budgeted expenditure for the year of C$2.8 million just from its cash balance. It is also in very good shape to weather an extended industry downturn with that cash balance."

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