Let's look at money that came in as follows:
Feb 7, 2008 --- closing of PP (6,500,000 @ $4.00) = $26,000,000 with warrants (see next entry Mar 12, 2008 for the attached warrants)
March 12, 2008 --- excersice of warrants (3,250,000 at $5.00) = $16,250,000; note that only about $12,450,000 worth were in fact excersiced (per news April 15, 2008)
November 11, 2008 – (under new management) – flow through at .80 X 25,000,000 = $20,000,000
Aug 26, 2009 – closes $25,000,000 worth of financing (flow through at $2.80)
Dec 14, 2009 – 11,755,000 freewest shares received by NOT in exchange for NOT shares and warrants (worth about $1.00 per share) = $11,755,000 (not sure when realized)
Feb 17, 2010 – closes $6,700,000 offering at $2.75
May 12, 2010 – close $13,900,000 of possible $15,000,000 announced at $1.83 per flow-thourgh
Nov 26, 2010 – close $10,000,000 (first announced at $6,000,000) at $1.25 per flow-through
May 2, 2011 – Bao gets 10% for $17,400,000 at $0.86 with $1.16 warrants
Dec 20, 2011 – close $3,500,000 at .86 per flow-through
May 10, 2012 – RCF closes $10,000,000 at $0.52….Bao options for another $1,330,000 at $0.52
Feb 26, 2013 – loan from RCF of $15,000,000
Aug 15, 2013 – close sale of remaining Windfall about $5,000,000 in total (+ 25,000,000 EAG shares)
Oct 31, 2013 – 13.75 million EAG for about $1,600,000 + Coutes shares at $0.30 about $100,000
Other EAG shares – estimate about $1,500,000
For a total of about $181,235,000 money in.....most of which is spent....currently with a market cap of about $150,000,000....which is close to break even...and others have spent considerable money in the ROF...Cliffs at about $400,000,000 to buy out FWR and SPQ....BMK drilling....FNC...PRB....KWG...BOL....all together....my best guesstimate at about another $50,000,000 -$75,000,000 or so between them ....maybe about $700,000,000 in total to date? Put this into perspective when the provincial government is willing to put in $1,000,000,000