Chops, I have those very same thoughts. "Why stop drilling?". Either they think that

(1) they can give shareholders the best value by limiting dilution and using the available info to get the best price now for everything OR...

(2) they are limiting dilution and holding back the 2012 exploration programme to save those areas outside the BFS for CUU 2.0. OR...

(3) they are playing coy, limiting dilution, and are reserving two good avenues (both 1 and 2) ahead by keeping EVERYBODY guessing. They could get a sweet deal for all of the BC properties given the info they got now without more dilution and drilling or... if that doesn't happen to their satisfaction, go with #2 and make a killing with CUU 2.0 should it retain ES and Mike.

The 2nd/3rd scenario seems to ring clearer to me than the first but all 3 angles lack a clear, unassailable line of reasoning.

Elmer (and virtually all others) has always said, mineralization can only be confirmed by drilling. Then no drilling? That's why I'm leaning away from #1.