I went through the numbers and it looks like the $ 1 mil left from the $ 3.5 mil pp last fall will be gone by end fourth quarter( end September). Yes they will use up the Puma deal $ 3 mil by next summer at the current burn rate. I've extracted some warrant data with near term expiries:

Shares Price Expiry date

1,786,000 0.19 September 1, 2009

5,428,570 0.19 October 12, 2009

5,480,000 0.75 November 14, 2009

They will have to take a look at share consolidation eventually but could wrap that up with a PP , hopefully at much higher prices. All of that should wait until a winter drilling program is done.