I think by then enough developments will have happened that we...

I think by then enough developments will have happened that we will be sitting on a higher SP from where we are now anyway, given the strides being made on multiple fronts (SoP and 2 x gold tenements). You're right that the quarter after cash will be needed but they may also be in a position by then to raise debt finance rather than equity to fund opex/capex. The last effort at a CR was so badly handled that I think if they were going down that path we'd be seeing the opposite of the direction of the SP is heading.

What are your thoughts on the progress being made with the SoP project and the tenements?