Financing I have been repeatedly told there would be a combination of financing. It certainly is not in anyone's interest to finance in a hughly dilutive way. From my experience with the managment, they are methodically bringing this mine to production and they also do not want to dilute shareholder value any more than we do. ( They also have shares) .They have experience bringing mines to production and I believe ( until I see otherwise) that they will be conservative in their financing. Once the stock price gets high enough, there are also warrants and options that can be exercised to raise cash.
The financing climate for junior miners is not that good, but Auriga has some major shareholders with deep pockets and have been very supportive including the deal in British Columbia last month.
Auriga has done a great job confirming and finding more ore. I think this will continue and am looking forward to test production later this year. Once we start throwing off cash flow, the situation changes dramatically. The end of the year is only 8 months away. We are a near term producer. That is significant and the market should come to understand this.
Gold is still around $1700 with the primary trend very much in a bull market.