RE:RE:zzzzzzzzzzzThat is the nature of junior mining, raise money, option some cow pasture, do some IP work, cross your fingers and hope something shows up so you can raise more money to drill. Oh yeah, make sure you can pay yourself as well.
Repeat this until your share count gets bloated, then do a share consolidation, do the same thing either with the same metal, or try a new one. This is chapter one in the "How to run a junior mining company" handbook.
All of the junior mining companies do this, 1 in 100 hit something.
GLTA