5 Million dollar at the market facility at a price of 16c would...

5 Million dollar at the market facility at a price of 16c would give you 32 million shares. That's just a fact. Naturally if the price appreciates then there will be less shares issued, depreciates and there will be more.

Quarterly is due out shortly which will give a better idea of cash position but by my math staff and admin costs are around the 600k mark. So 1.6m in the kitty - assuming they actually do - anything?? - this quarter in the way of drilling, exploration or pre works (as they promised but never delivered), that bucket will be empty come end of quarter. As such - when will new shares be hitting the market?