FYITD newscrest says that they will run out of cash in Oct of this year. This company has to be cash flow positive by that period of time. If not... Back to the table under "bankers terms". JMHO if they can't make a go of it with the 80+ mil they got, next issue will be for $1.4-1.6 range.
Judging by the rise of costs for other miners, I would say their is a 70% chance of further dilution.