On page 9, we read the following,

"At February 29, 2012, the Company had cash and cash equivalents of $996,822 and a working capital position of $573,774. ...
On January 13, 2012, the Company raised gross proceeds of $2,811,655 through the issuance of 31,240,614 units at a price of $0.09 per unit. On April 10, 2012, the Company raised a further $919,369 through the issuance of 10,215,209 units and on May 23, 2012 raised another $495,000 through the issuance of 5,500,000 units."

I assume this means that we presently have $2,411,191 in cash minus whatever we're burning through this quarter in working through the regulatory process and finalizing the feasibility study.

We can all cry about shareholder dilution through repeated private placements. But at this stage, we're in for a penny, in for a pound. We need Tyhee to remain a going concern, or we lose everything.

With best regards to the Tyhee faithful,

Old School