plus ... Since the company is de-risking as it expands resources and builds up to a feasibility, having a healthy balance sheet to weather any unexpected storms is important.

what if the feasibility takes longer than expected.

what if we have a repeat of 2008? ... it's already looking like 2007 now

Being flush with cash is important any time and if it's available this easy in large quantities, take it!!

btw if casimir and Paradigm hadn't been propping up the price in the last few weeks, the bought deal could have gone much lower. be thankful for complimentary back rubbing. The alternative would be for the 2 firms to buy a fraction of the shares on the open market and watch the price fly all over the place, shaking many out along the way. slow and steady wins the race.