RE:not surethey said they will use mone for the studies and other things. From an investment perspective thats good use of money
The Company intends to use the net proceeds of the Offering for advancing work on the Rosh Pinah 2.0 expansion study, including funding the feasibility study with respect to same, undertaking additional exploration work, continuing the study and potential restart of the Caribou operation, repaying additional amounts of the Company's indebtedness and funding the Company's working capital requirements.
above is the cut from their press release that speaks exactly to your points.