During this weeks BNN C-Suite Survey piece with Gestur Kristjansson, he stated they are going to grow organically.

There should be no way that Piere / Dale / Hugh would want to raise funds at these low levels. They have cash in the bank, are flowing cash from operations and could always cut back on their drilling to less than 300,000,000 meters a year. Keep in mind the over 300k drilled in 2011 was primarily infill drilling for the upcoming 43101.

Also, do you 100% trust what a Hedge Fund Manager says on National TV ?