Great post Captaintime.

As you mention the $26 million has to be spent on exploration by the end of next year. We all seem to have a great deal of confidence in Dave. So the question in my mind becomes why would Dave accept a dilution in the value of his shares by accepting $26 million in money he must spend on exploration in the next 17 months when he already has a strong treasury?

I may sound like a broken record, but the only explanation I can think of is an agreement on the land deal must be all but done and Dave has identified a ton of great targets to drill.

Can someone with more expertise on the current cost of drilling speculate on how many meters/holes could be drilled for $20M? Are they going to bring in a barge/s to drill the lake?

If the land deal gets wrapped up and we have a few good drill results this thing could really pop.

Interested to hear your thoughts.