I personally don't think the PP's have been for the purchase of GC but I'm starting to think they have been used for something associated with GC. So TT suddenly announces in April 2012 that the FS will be delayed due to manpower issues to the surprise of most people and investors. The delay has now lasted +5 months. That's one massive delay for a well respected company like TT - and they apparently couldn't see that delay coming? I don't buy that... Add all the +20 mill (PP) raised in the "delay period" - for what? I don't know if you pay for a FS before or after it's finished but it's a serious extra cost for a delay caused by manpower problems at TT and which CF shouldn't be paying for. Furthermore they add Jim Gray to "hold TT's hand" - that's true but probably more because he was the one who calculated the operating costs etc. for Galore Creek. I don't know what a FS costs to make but all these monies raised via PP's the last many months have to be used for something and with all the drilling we have done in 2012 (irony) there must be a lot left for salaries and coffee LOL