Exactly. This company has burnt through over $100 million in the last year, so $32 million is not much. The only thing they can do now is hope that silver prices don't plunge much more and that they can find a buyer for some of the properties they own, but I suspect they will have to sell at pennies on the dollar since they don't have much leverage.
It's a very sad state of affairs for a company who had a $20 stock price a little over a year ago. All of this could have been avoided if they raised more capital.