There is one thing you have not made perfectly clear in your posting.
This is where you say Dick " He is working on doing phase II with another goup and is looking to get $15- $20 MILLION."
Now we all know there are a lot more 'zones' of gold mineralization identified and not being touched by current underground work. I'm not surprized that to access those and sample could cost another good few million dollars. What I am surpised about is what seems to be the intention to work with 'another group' to, I assume, jv Windfall.
Not that I'm going to complain if somebody steps up with $20 million dollars to buy an interest in Windfall. 15 or 20 Million put into the 'ROF' could return 5 or 10 times that. Just that this is the first time anyone has said definately a 'partner' is being sought.