Yes I believe your right. They also offered out another 1,000,000 shares of stock which might explain the drop in value this week. However I do believe that once they start mining these new properties this could be a 2 dollar stock. The funds raised are meant to help this happen. Not sure if they have to wait until spring to start mining. Problem with that is most investors want profit now. They need to keep up public relations to stay relavant.