. . . . . . expecting the unexpected.

It would be nice to see answers to earlier questions re:  claim locations and so forth.

I can't see any sense whatever in adding claims if the continuation of the enterprise were in question.  Assuming that to be a realistic and reliable interpretation of logical action, it would follow that there is at least one more shoe to drop and many possibilities in terms of restructuring the entire effort going forward.

I think the past is pretty irrelevant at the moment, one might more productively speculate as to which of any number of possibilities is most achievable going forward.

What is the status / purpose of the Hay Mountain LLC entity?

When do mergers / reverse mergers make sense (I know nothing about)?

Does the company have value to someone for tax purposes (past losses or some such)?

In what ways could the company be restructured as part of a financing?

Would the dreaded R/S necessarily be a bad thing as part of financing and getting the O/S number waaaaay down?  I don't think it would be a bad thing at all, as part of a drill program.

Again, I assume the additional claims were secured as part of a plan that is / was already in motion.