It got pumped too high initially into a falling metals market...

It got pumped too high initially into a falling metals market and now has come back and started settling in a range - it's not that complicated. If you were really such a genius you would have sold at 60c not on open yesterday.

Time is of the essence? Really. Try and be a bit more emotive. They had $4m cash at end of last quarter and predicted outflow of $2m. I am sure they knew what their plans were for exploration. Should still have $1m left in a month.

But that's not even the point. Would you prefer they sat on the $4m and didn't drill or didn't try and increase land concessions to include the whole resource?

Who cares if they raise $5m at 40c. It's 12.5m shares added to the register. At least they are active. You're problem is you are too focused on day to day prices rather than what the company is achieving. And if you think that's not much I don't know why you are here.

Btw you forgot to substantiate the permit process being "very expensive"