My view is that they have a plan in place to not have to tap the...

My view is that they have a plan in place to not have to tap the market again and dilute the companys value.

PAK will get 1.8 mill from the cap raise plus 1 mill from GCI and hopefully some revenue from Imagine.
This should be enough to push the feasability study of Elko and run the company until the end of 2017 in time for the option expiry period. Im sure they will be desperate to have PAK above 25c to ensure the PAKOs are exercised and another 10 mill plus is in the bank.
That should be ample to see Elko through to JV / finance stage.

Just my 2 cents and would love to hear any other views

cheers

gmc