The price set for this PP is also something of a 'reality check' for others in the 'ROF' since it indicates entry by any 'major' is some time off. You can bet Jim Voisin is aware of all activity and knows what entry by a 'major' would do for the share price of all the ROF Players.

Having money in the bank assures investors that exploration will continue and drill the best targets on the large land holdings in the ROF. If someone wants to negotiate with UC now Jim is in a stronger position to hold out for best possible deal.