Hey Merc....nice to hear from you again...

I agree that there should not need to be any more PP's -- they raised enough last time to get them through to the point where they will be cash-flow positive, and there are still a lot of warrants out there that will get exercised, thereby bringing in yet more cash for the company.

However, if the company does expand further with other acquisitions (like it did near Timmins, or in the event it bought out a neighbouring company in the Rice Lake area), I could see that there might be need of raising some additional money and a possible PP. They have said before that there would be no more warrants, and then there were more warrants. I am not upset that they issued more warrants - they had good reason to do so. Just pointing out that statements of what they will and won't do are made based on certain presuppositions or within a certain frame of reference -- things change over time, so I would not get too locked in to a statement like that.

NorthLion