The question of if it is possible for the $1.50 warrants to be exercised has caused me to take a really close look at the drill map. To me, because those warrants are at a relatively high price, it would be worth the dilution to get that $15 million. I'm sure lots of people would disagree. However, is it just a dream? I'm not sure...

If you take a look at the drill map, there are potentially some very exciting holes to come in. Holes 85 and 89 cut nearly all the way across the North Stock, and appear to have a chance (depending on depth) to intersect some of the high grade sections. Hole 76 seems to do the same thing running SE to NW. Hole 82 is quite close to hole 20, one of the best to date.

Moving south, there are holes 72, 73 and 75. While unlikely to be spectacular, they are right between the North Stock and Antelope and any decent intercept would show a connection between the two zones.

Southwest of Antelope is 71, 78, 81 and 86, previously undrilled and could provide a new target or at least an extension.

And of course the shallow longshot hole 88 to the west of north stock. Unlikely to hit anything, but if it does a big extension to the resource.

If we get decent results from any of these we could see a decent lift in the SP. If there were great intervals in some and good results in, say half, we could see the warrants exercised.

Just speculation, but IMHO I still see potential.