You have stated the following:
"With the present burn rate, if we do have to go back to the markets at our present price, there will be some major dilution happening and no one wants that."
With respect to your worries that they may "have to go back to the markets at our present price"....I suggest you look at their current cash position as well as thier budget....their budget is as follows:
Budget going forward as follows:
Eagle one ...further drilling and scoping study total $3.5 million
Blackbird one & eagle 2......resource estimate cost of $2,150,000
Blackbird two.....continued drilling cost of $1,050,000
AT-12....continued drilling cost of $875,000
Testing for new anomolies.....$1,830,000
Camp and airstrip.......cost of $1,750,000
Contingencies.....$1,115,500
I hope that alleviates your concerns