Private PlacementI am guessing at JPS's strategy. Obviously $300,000 is nowhere near what s needed for the drill program. JPS has always had a strict policy of keeping costs down. To do a big raise at 5 cents creating massive share dilution and drill willynilly before targeting the best drill sites is pure folly. GNG has not raised money in many years. This raise will help with the predrill[ing exploration to narrow it down to the targets to the best successful drilling potential. Gold is on a tear. Great Bear looks to be going a lot higher with success after success and as for BTU it looks good but I think GNG's propertiy has more promise than BTU if you look at the geology but hey a geologist I am not so just my opinion. All these factors tell me GNG's share price is going a lot higher. Better to do a bigger private placement for the drill program at say 25 cents than a nickel I will definitely be going for a piece of that private placement. The downside risk is tiny. YThe upside is huge. Lets assume that GBR comes up with a 10 million oz gold resource in the next 12 months. All boats will rise because of closeology. GNG will not be sitting at a nickel. In fact there might and likely will be j/v offers that wilkl come acalli ng at Pauls door. .