RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Private Placement
I suppose it all depends on how far down the field the end game is. I think you and I both agree or at least anticipate a short window of opportunity here. Personally I thought it would be a done deal by now. However, if we are out to lunch and the time horizon is 2-3yrs, and we step up exploration (keep in mind they have only explored 20% of the property so far) then we will burn through that cash in 18 months. Leaving us in a tough spot cash wise. No deal is a deal until it is signed, and if I was on the board, besides plan A, I would be looking at plan B, C, and D which may require a lot more cash. And the best/easiest way to raise cash is to continue selling flow through shares when you have interest. If we don't see a deal by xmas, I would expect to see a push for a cash raise in the $5mil area in the new year.