RE:RE:RE:RE:RE:RE:RE:Lots of newsYou're not wrong BT. AWX's total diluted share count is high but they will retain 30% and shouldn't need to dilute further.
Regarding CTEC's 70% ownership they have a long ways to go and a lot of money to spend before they get there. Have you calculated how much CTEC will need to raise to achieve 70% ownership? it is no small amount. I appreciate the currnet tight share structure but that will be very different after $15M is spent on exploration and fincaning a feasibility study which will be 10's of millions+.
Don't forget that Todd is a massive property (32,000+ hectares) and this intital program (1000 m, $500k minimum spend) will likely be insufficient to knock this out of the park. Year two work commitment is $3M and will have much longer operating season to execute a comprehensive test.
CTEC is just getting started and if they catch the scent of a deposit, they'll likely chase it down promptly as they did at Brucejack.
If CTEC doesn't hit and they walk, AWX gets Todd back with a bunch of work completed without spending a dime.
Both co's are good buys IMO but I'd rather catch the upswing from $0.15.