If so someone has spent upwards of a million dollars to get it...

If so someone has spent upwards of a million dollars to get it where it is..... seems unlikely to me.It's just speculation, and could be gone if poor drilling results turn up. The other thing is that if it's only hole 1 results, and they get a sniff of what 2 and 3 might hold it could really be a good deal esp if partial drilling results propel it higher with another whole month to speculate.... the fact is they need the money for phase 2 and this was the only way to get it. One could also argue that the cobalt play could be driving this higher, if you take a look around at the moment it's going mental all over the market.