Just wondering where you guys are getting 1.2 Billion?

10% of the company would require the PP to be approximately 14 million shares....{125,000,000 current shares, plus 14 million = 139,000,000}.  The 14 million @ $10.00/sh. would bring in 140 million, not 1.2 billion.  Correct me if I am wrong.

I do not know if Goldman Jack is right or not, but if he is, a reason to do a PP now would be to cash in, while the opportunity exists.  You never know what the future may bring.  If Richard had not raised the $15 million a year ago, on the back of the Windfall "glory hole", Noront would not have had the funds to press ahead at Double Eagle as fast as they have.

With an additional $140 million in the kitty, the reverse would be possible, that is Noront could do whatever they want at Windfall, as well as DE.