at the pricing of the latest PP. After RE2 and conference call to answers questions about RE etc, I think Elmer anticipated more interest from retail crowd. For some reason, that did not materialize. The only option he had left was to go back to Ernesto for the funding. Obviously Ernesto believes in Elmer and the project and he wouldn't have put in over $6 million of his own money (includes 2 million private loan) into the project at this volatile time in the markets. This is all a plus...

I am confused with the fact that from April 30 on, we need $6 million for completing BFS and general operating expenses. Wasnt' the BFS almost done in Dec 2011, and then again in March 2012??? I would assume most of the money was already put aside for all this.... So why the $6 million, with no plans of drilling.....