RE: Whoa there cowboys .....I don't think this is a big deal at all. Sure, it'd be ideal if there were never any dilution of any amount, but I've never been invested in a junior that didn't give stock options to their top people. Also, we're talking about a dilution of about 1.78% and the option price is $1.00. They could have done this a few weeks ago and awarded options at 65 cents if they had no concern about shareholder sentiment. Several posters are predicting over $2.00 by the middle of next year, but I'm thinking we'll be substantially higher than that. From a post a few weeks ago:
"cost base is about $400 ounce and the POG is nearing $1,100 or $700/ounce profit.
Let's say 80K production or near $560M per year profit...."
Hey Goldtoe, you're off by a "0". It would actually be $56 million profit. But, I'd say we're still ridiculously cheap at .90 a
share.At a P/E of only 10, which is extremely conservative, TMM's market capwould be around $560 mil. At a fully diluted share capitalization of140 million, that would equate to about $4 a share.