Opened Question?Here are the shares about to fall off in the next 40 days! Almost 14M shares about to drop off. I'd be surprised if there is any update until after the 17th of April. VC7644 Like you, I'd love to see these warrant and agents warrants exercised, but highly unlikely! The problem with dilution is how the brokers and analysts look at this deal, very simple, its called market cap! Keep in mind there is still $20M in the ground that has been spent and a updated 43 101 coming. If there is 1.5M oz of Au then one could suggest that @$25 bucks a gold ground oz the play in the ground could be valued at $30-40M USA, so there is still an excellent upside. So why did they give the company away?
170,000,000 x .045 = $7,650,000
156,000,000 x .045 = $7,020,000
| Options | Price | Expiry Date | # Shares | Potential proceeds |
| $0.15 | Mar 18, 2009 | 725,000 | $108,75 |
| Warrants | Price | Exp. Date | # Shares | Potential proceeds |
| $0.70 | Apr 17, 2009 | 12,200,000 | $8,540,000 |
| Agents' Unit Warrants | Price | Exp. Date | # Shares | Potential proceeds |
| $0.50 | Apr 17, 2009 | 1,296,000 | $648,000 |
| | $0.70 | Apr 17, 2009 | 648,000 | $453,600 |