mr notaclue, first of all there's no mining. they are miles away from mining. second, if it is for drilling, and they used the max amount of shares "created" to raise that money, then it would be about $180k.
how much drilling do you think that would buy?
remember how many people are supposedly involved in the drilling. they would all want to get paid to do more drilling, right? $180k probably wouldn't go very far.
This post is my opinion and should not be used as investment advice.