RE: RE: RE: RE: RE: RE: RE: Victoria Gold Ah..ok...i agree that maybe they do more like $220 million in debt, but if they get the deal done within 3 months, their cash will be at least $50 million...so a 20% stream for $140-150 million seems very reasonable, if you compare to others out there. Especially considering this project has huge expansion potential and located in an extremely risk-free area.
How is a 20% gold stream like getting 50% dilution?? It raises significantly more than a 50% equity dilution at these prices, yet only dilutes the project at a max of 20% - so it's 20% (or less) dilution.
This seems like a no-brainer to me. Even IF, in a worst case scenario, they need to do a 25% stream.
The numbers just make TOO much sense (which is why i'm worried here).