GREY:SWYDF - Post by User
Post by
mp3seekeron Nov 24, 2014 5:20am
![](https://assets.stockhouse.com/kentico-cms/0338-00/images/Sprite.svg#id_Post_Views_Icon)
380 Views
Post# 23157303
Dilution was best option IMO
Dilution was best option IMOThe only other option to further the project was to hope SWY could make a deal with a major in which the major took 80% or more of the project and would be responsible for providing financing. SWY would only have a little dilution in this case as they would still have to come up with 20% or less of the funding. However, SWY would only profit about 20% from the project. With the heavy dilution, SWY owns 100% of the mine. How many 55 cent companies have a muti billion dollar mine totally financed. As far as LC telling us that the last news release showed us that the resource is about 37% smaller then expected, I am a little confused to what he means. As far as I know the only thing that is expected is the NI 43 101. Is LC claiming the numbers show the NI 43 101 and 11 year mine life is 37% too large, I hardly think that is possible. If LC is trying to say that the numbers show that the most optimistic exploration opinion is 37% too high, well I have an easier time believing that. We all know that the exploration would be less then the best possible outcome and more than the worst possible outcome. I for one see the recent exploration results as average to good.