To short(300,000 shares) a company with a low share float like this you would have either a coupple million warrants,or millions of shares to cover yourself.

So if they hit you win,and if they dont hit you win (simple as that) . 300,000 shares is nothing if you have millions . Smith has to keep drilling as what else would he do as doing nothing would kill stock price.Next pp will be interesting as tough to get a good one if you did'nt hit ! Properties do get smaller as locations dont hit,but that doesen't mean that it is not there either,just not located yet.

I hope all McFaulds players hit as we are all in it together,but be carefull.

JMHO