Earlier speculation had been that a PP would not be necessary due to an expected substantial influx of funds from some $12,000,000. in warrants outstanding. That, and the expectation of a higher SP within the short term begs the question, why go for funding now?

It is true, $0.50 is a lot better price than could have been anticipated up until the current volume explosion and price runup. Something to think about, anyway. They have plenty of drilling lined up, so it will no doubt be required over the next few months.

O.F.