Although I am questioning whether LBSR is being inflexible on a number of matters--possibly--I do think JB honestly thought all the PP money would go to drilling. He is an optimist and thought the $3000 per unit offer would do much better and get more funds, so even he was disappointed, I think, when it had to be used for permits. That does not mean I don't commisserate with those who did PPs only to find that, while they may be richly rewarded at some future time, it was going to take longer than they probably anticipated. Always trying to end on a positive note...I always remember JB mentioning at a meeting (so someone reported), that once he had a meeting with a potential investor on a Friday, and a million dollars was in the company's account on Monday.