""Hard Dollars" is defined as Fees or payments to brokerage firms. So this leads me to believe that we have 0 to spend on exploration."...
In the context of SGX this is not correct. 'Hard dollars' are cash that can be spent as company sees fit versus 'flow-through dollars' which must be spent on exploration. SGX does have money for exploration... not a lot of it but they do have some.
red911