RE: Actually Teck invested $30 MillionActually the benifits of doing an equity placement are far better for th jr than doing a joint venture... when stock is purchased, especially at a premium dilution is reduced, the market cap can rise as the major does not sell his position in the market and they usually exercise with new money....
This is the best way to fund exporation, bar none!
Funds pillage the stock on a double, exercise via selling existing positions and dump when the next oprotunity looks even slightly better... they usually do not hold for the long term without taking profits along the way.
Take my word... This is the right time to do an equity placement with a BHP, Teck or Debeers. This will provide the project the credability in the market to move forward.
Warrants coming in over the past month... helps pay the bills!
Issued and Outstanding
SNOWFIELD DEVELOPMENT CORP - COMMON SHARES
Incremental Changes from April 02, 2007 to: May 01, 2007
Date Shares Issued Incremental Change
2007/04/26 115,000 71,860,728
2007/04/26 110,000 71,745,728
2007/04/23 100,000 71,635,728
2007/04/19 60,000 71,535,728
2007/04/18 40,000 71,475,728
2007/04/17 60,000 71,435,728
2007/04/13 35,000 71,375,728
2007/04/10 150,000 71,340,728
2007/04/04 60,000 71,190,728