Follow the moneyThe company was flat broke. They raised 450K. They have general operating expenses to come out of that money and they need funds to carry them until more comes in.
How much drilling do you all expect to get done? 1 hole? 2 holes? Perhaps 5 at most.
The company is on shaky grounds. If they don't hit a homerun hole they will be forced to do a 10 for 1 rollback. Once they do that they will be able to finance the company and push the project forward. 150 million fully diluted OS shares is not working out well.
Post rollback, this will be one to watch in my opinion. without a roll back the gains will be absorbed into never-ending dilution at the 10 cent range.
Do your own research folks!