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Is it correct to assume that the previously announced cost of $6.1 million for year one is the approximate amount of capital that is sought to fund the initial drilling program announced today (24 hours per day in two shifts, 7 days per week, and 365 days per year with one drill)?
Is it also correct to assume that drilling can commence when a lesser amount of funds has been secured? E.g., a put under the registered financing equal to $1M, with the expectation/hope that future puts will be conducted at a higher pps?
Lastly, when/if drilling commences, should s/h expect rolling announcements as assay results are returned from the lab?
