CASH AND CASH EQUIVALENTS

12 Months Ended

Dec. 31, 2022

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

4.CASH AND CASH EQUIVALENTS

The cash and cash equivalent balance consists of:

	At December 31		At December 31
(in thousands)	2022		2021
Cash	$	1,801	$	2,002
Cash in MLJV and MWJV		1,263		1,275
Cash equivalents		47,851		60,721
	$	50,915	$	63,998

Cash equivalents consist of various investment savings account instruments and money market funds, all of which are short term in nature, highly liquid and readily convertible into cash.