Very tightly held and none for sale below $0.19 ask, high bid is $0.045 so that is why none has sold.

On the money side most of the money in the kitty is flow thru and therefore has to be spent with in a specific time period after being raised or it must be returned to investor. It cannot be used for any expense that is not considered exploration. With luck drilling 11km this fall will result in a resource of 200k ozs or better based on SGR cost of finding ozs around $8-10. This is a big drill program for a little exploration company. Consider that SGR spent less than $2M in 2005-06 before the merger.