"Had a cash and short term investments balance of $19.3 million as at Sept. 30, 2012."

"In the first three quarters of this year, we have generated more than $30 million in cash from operations, before non-cash items. These cash flows continue to fund our aggressive exploration and development program," said George Pirie, President and Chief Executive Officer of San Gold."

I dread another flow through at these prices (MV+20%) Stop the dilution by slowing down exploration till cash flow from higher production funds all activities including Cap X.

Maybe Wynne drilling could stretch the payment terms, lol