Another issue involved in the use of funds is how Canadian GAP rules make them account for their options. In the US those options must be paid for when issued. If that applies in Canada then some of that money went for the 4 million options issued since Feb.

The best we can do is extrapolate post PR any drilling results and post quarterly financial report. In my opinion, trying to speculate on how much money the company has or is going to spend is wasted time. Only the close insiders will ever know that information. An example is KS that theoritically has had some cash flow for 18 months. Shareholders still have no idea what the cash flow amount is nor what it is being spent on beyond generalities that they are exploring the area and occasionally buying other properties.