RE:RE:RE:RE:RE:so much drilling Thanks M2, A PP should not dilute/change per se the per share value if sold at or above the current share price. Shares going out from the PP, result in cash equal to the value of those shares coming in.
Now from an earnings point of view per share, without share appreciation, a PP would be dilutive with more slices taken from the same size pie.
So as to answer your question, as long as the PP is at or above the current share price, (no warrants), and we have share appreciation to go along with the money raised through a PP, I can live with it.
I'm thinking we'll probably end up with some kind of financial pkg, so as to get us into the production stage. A combination of debt, equity, and a gold offtake, that is if a JV or take-out hadn't already occurred.
As long as Integra can raise money in this very depressed market, the economics are actually strongly beneficial for Integra's shareholders, as noted with the giveaway mill purchase, and the very low drilling costs, these lower costs will only add to shareholder value in the long run. GLTA