"- We would like to do more drilling and have setup the project to handle 5 drill rigs. But we wish not to do any more Private Placements if we do not have too."....

That 's right if we do not have to .. What is our current cash position ? What do you expect Basa to be paid 

with monopoly money ? ...He need the cash to put it in his venture plays  .. Hense the we would like to do more drilling .. How long will they be able to sit ..?