I sent an email to the company asking about cash on hand and the beginning of Phase II drilling. This is what I recieved in return.

"Thanks for your email. We have enough cash to initiate the phase II drilling but will likely raise more when it is available. Our Directors including myself have exercised options which have injected sufficient cash in to treasury. Phase II drilling will likely start in two weeks. Regards. Bob"

So, more financing will be coming, but more than likely, not before drilling starts. I hope they hit big and do a pp at a much higher sp. You've got to like it when the directors are excercising options as well. I think I will continue to hold and see where this goes.