I think you are misreading the meaning of "deficit". Juniors by nature spend the capital they raise and therefore have no earnings. Therefore, the company has spent $35+ million in defining YGP and related exploration properties including any related admin expenses.

That is normal for exploration & development juniors that do not have a producing mine and therefore, no cashflow to resolve a deficit. Take a look at any junior and you will see the same thing, just not similar to amounts.