Ann: Indonesian Project Update, page-222

They have significantly more than $540k at risk prior to the CR. They had about a 100mil or so shares right? At market that is well over a million but without doing all the maths I dare say it's possible it cost them more than that. As you're aware investors often invest more capital into an investment, even if it might not have panned out as originally expected, to average down or support that original investment.