RE:No takeover offers so Sabina will build the mine itselfCapEx is about $400mm per the article. We are sitting at 325 million shares outstanding right now. Current share price around $3 CAD. All-time high share price around $8 CAD. Let's split the difference and say about $5 a share when any capital raise is commenced. Let's assume that CapEx is covered via $50mm debt and $350mm equity. $350mm / $5 a share = 70mm additional shares. This would put us at almost 400mm shares outstanding.
Honestly, I don't like juniors getting over 300mm shares, however, IF Sabina builds the mine on their own they will have morphed from a junior developer to a producer. I think orgaincally taking a project from exploration phase to production on 400mm shares is reasonable. Especialy once you consider this is a world class project which will provide mining & exploration capabilities for generations to come.
I'm fine wtih SBB building the mine itself. I always thought they would be bought out beforehand, but if not then all the riches in the ground will accrue to the current shareholders.