I could find no debt.......... "Terrax Minerals Inc (TSXV:TXR) Debt to ... www.gurufocus.com › term › Terrax+Mi... Terrax Minerals Inc's current portion of long-term debt for the quarter that ended in Jan. 2016 was C$0.00 Mil. " ............. Also, look at the Lassonde valuation curve.... TerraX is in stage one. The curve suggests it's in a high valuation sweet spot. Soon, that will pass and its valuation will decline whence it begins the development stage.... http://myownmarketnarrative.blogspot.com/2013/01/a-new-hero-to-worship-pierre-lassonde.html?m=1