If there is Unrestricted Cash of ~ $2.8 Million in the Coffers currently, then to meet all present Commitments and have ~ $1.5 Million remain in the Coffers for Confort going forward, the level of a current PP should be ~ 20 - 25 million Shares.
If UC completes their earn in by August, 2009, which looks to be the case, and the JV Partners agree to do an Expanded Exploration Program on the UC JV properties, then we can consider doing a new PP of sufficient size to dedicate to such an expanded Exploratin Program OR seek an other Partner looking to do an Earn In to fund the Expanded Exploration Program on the UC JV Properties, or on the portion of prime focus in the expanded Exploration Program.
Either which way it all occurs, given the other Players in the RoF and their Exploration Programs (or lack there off), We should be looking to keep Dilution to a reasonable minimum over the next 4 - 12 months while moving Our Properties Up in Recognised Mineral Value.
The way I see it!
Old Joe