I have been in touch over the last couple weeks. I've been told that things are progressing w/financing partners - that the cash position WILL be maintained into 2012 and that multinational firms are conducting due diligence at this time (which has been part of the hold up). There was mention of the larger gov't entity doing the EIA, rather than City Council as they are not capable of such a large assessment - at least all pieces.

My suspicion is that something is being done regarding financing - someone is on the buy side of the $1m+ shares traded this week.

I also have my questions as to why the stock price is at this level given the potential of the project - that part doesn't add up to me unless the only way to get the financing was to offer shares on the open market that have dilluted the SP to this point.