All good questions Baires. In his original letter the language Dave uses about whether the PFS is currently bankable is ambiguous. He uses the present tense - i.e., he says the banks ARE lining up, not WILL BE, but this seems to preclude the need either for further share purchases by the "technically and financially savvy", or for a Feasibility Study at all, which he proceeds to go into later in the letter. So I rephrased it as banks WILL BE lining up myself. The question whether the banks are currently lining up, and just want to see some good results from Clan Lake before they provide further cash, or whether the FS continues to be required for further financing from them remains unanswered. I'm not sure if this is intentional on his part or not. Sounds like we need to ask the question. You or me? Ike