According to our February 2014 presentation there was $7 million cash in the bank. We just paid $1M for Caramax shares. Over the three months ending January 2014 the burn rate was $469,429, but that included some extra legals and payments towards AZ.

However, if we assume a similar burn rate then we have cost of $1.8 per annum. That means with $6 million alone we could go well over three years before needing more funding.

As well, there are over $4M in Tax Credit Claims which is paid in cash.

I think we could go a couple more years before we need to get that spinoff happening and use Desert Fox to consolidate the shares and get more funding.