Also this is reassuring:
Liquidity and Capital Resources
At April 30, 2015, the Company had working capital of $4,983,118 and an accumulated deficit of $17,959,001 and had comprehensive loss of $339,570 for the six months ended April 30, 2015.
Fixed costs to maintain operations, pay taxes and upkeep on the Arizona properties are approximately $220,000 per annum, this includes an annual payment to Silver Nickel for Sombrero Butte of approximately $157,000 CDN. Corporate and general costs have been approximately $1,200,000 in 2013 and 2014.
As at April 30, 2015, the Company's cash and cash equivalents were $3.6 million. The Company has access to sufficient funds to meet its current overhead and planned capital expenditures.