Pete you are right.Hello Pete,
You are right, I did not add the last dilutiion so you would have to add it and reduce the future share price accordingly. You comment is very valid and that prompted me to see if more dilution could be coming and from reading the investor's presentation. 60% of the project financing will be debt and I am assuming that is the reason BNP Paribas are getting involved now and if you read one of my distant post, most of the dilution that took place in the last 3 years were around the $0.40 to $0.50 per share and this is the first dilution at $0.17 so In order to have a group like EMR financing a major portion of this endeavor requires a little reward once in a while so I would rather be diluted and have EMR on my side and technically they are being diluted too on all their previous shares so I am ok with that. This mine Is worth a lot more money on the long term and I think we will have Asian and Australian investors jumping in this one in the not so distant future. Also there is other valuable minerals that will be extracted of the process that will make the numbers look even better than they are. EMR are very smart investors in the mining industry check them out. I think we are in very good hands here but a little more dilution is in the cards on the short term, I think.
Regards,
Fearlessggg