Yes... looks like 1 more kick at the can. Drilling .. b3I assume the JV deal didn't work out so they going to drill it to get a better deal....
It is currently estimated that the majority of the proceeds (estimated at $850,000) will be used on drilling our nickel-copper-cobalt B3 prospect; additionally, $150,000 is earmarked for an airborne geophysical survey on the B1 copper-cobalt property and $50,000 is estimated to be spent following up on geophysical anomalies generated by the B1 geophysical survey. The Company will not be using any of the proposed payments for Investor Relations activities.