As usual, their PRs ask more questitons than they answer. I could not find where the Mar 2 offering closed, I guess I can presume this is a reprice and enlargement of that failed attempt. I wouldn't hold my breath on drilling. Most of that 500k will go for expenses, not for drilling. Examine a quarterly financial and see that most money goes for everything but drilling, office expenses, staff expenses, promotional expenses, consulting expenses, travel expenses, etc, a lot of it to companies controlled by a director. These are not unique to Hughes, nearly all juniors operate this way.

http://www.sedar.com/CheckCode.do;jsessionid=0000dHfpNjvcSJE7krP_PCiHO9b:-1

The most current MDA is now on SEDAR. For those not familiar with the process, simply type in the code where required, enter it and the documents will be called up. Regards, Ron