Ann: Rocklands Project Update , page-12

soho, suppose that the big boys have invested at $4+ per share on the basis of the jewelry box being 7% or more. And Sino Steel are still accepting payment in $4 shares. And they seems that they will need to issue more shares at some point.

You wouldn't want to risk starting the digging until all the dough is in place, just in case Wayne's guesses turn out to be over optimistic, after which you'd never get it at $4/share.