RE:RE:RE:RE:RE:RE:RE:AFM news So the float will go from 275M to 500M on close for $70M CDN proceeds, and then to 725M when the warrants are exercised for proceeds of $101M CDN. Per 2017 PEA, the capital cost of $120M USD will need to be raised but the warrants will go towards that in part plus the start up costs. NPV 5% was only $130M US with IRR of 23% though based on $10/lb Sn and $2.35/lb Cu. Prices have gone up and drilling and royalty assumptions have changed but I have not seen an update to the PEA. Current prices have roughly doubled since then and prices have also gone up but drilling has added value. My guess is the PEA if updated today might be in the ballpark of $300M NPV 10% which is more appropriate for an emerging player. Let's say there are another $100M raise to finance the rest of the project then that will add at least another 100M shares. If I take $300M / 825M sh then I am not seeing a great upside here. Clearly I am missing something and how the massive dilution does not scare off others. I have not sold yet but getting ready to do so as a disclosure since I no longer see the risk / reward given this latest deal.