That $14M from the flow through shares has to be used for exploration. Who knows what the other $16M will be used for? All I can say is that they need to hit something that will bring the share price up before they run through all of that money. If they don't, the share price will continue to drift down, and if they get to the point where they need to raise more cash it will involve massive dilution. At that point the sharks will be circling... I just hope the optimism that management feels is borne out by events.