Here's a very interesting part in this announcement:So I did...

Here's a very interesting part in this announcement:


So I did some digging into these "additional five diamond drill holes" and found this:

http://www.globenewswire.com/news-release/2012/03/15/1477452/0/en/Seafield-Intersects-121-8-m-of-1-06-g-t-Gold-and-0-11-Copper-Including-42-7-m-of-1-27-g-t-Gold-and-0-14-Copper-at-the-Dosquebradas-Deposit-in-Colombia.html


The SPP has closed as of last Thursday, so hopefully we'll get an announcement by Monday / early this week about the SPP uptake. With the $2.1M placement, $1.3M Mollacas sale and the SPP, the company cash position will probably end up close to $4M (or even more depending on the SPP uptake). An excellent position to start the next drill program! With such a strong cash balance, there's a good chance the share price will be able to run harder than ever before (of course assuming some decent drill results).