SilverCrest Mines Inc. (SVL:TSX.V; SVLC:NYSE.MKT) has a property in production in Sonora State, Mexico, called Santa Elena. It is throwing off a substantial amount of cash flow to further develop the Santa Elena resource, plus another property, La Joya, in Durango State. SilverCrest is expanding resources and increasing production, and doing it thanks to the cash from Santa Elena without suffering from the stock dilution that has been so harmful to other companies. It has managed to create a substantial cash reserve of about $20M.

TGR: Cash flow may be one of the most important things for investors to keep in mind.

LM: Cash flow improves the likelihood of a firm advancing its project by increasing production or discovering new resources without encountering potentially ruinous share dilution.