Float not really that high: To the bullboarder questioning the float size: SEE: for example:
St Augustine Gold and Copper SAU-T @ 325million shares plus. And there are many others such as Rambler that has over 145million shares outstanding. The positive here is that Anaconda doesn't or shouldn't have to go to the public or private markets to raise capital by share issuance again. If it keeps building up its capital net of the revenues produced from the Pine Cove operation, it will, ultimately have enough working capital to take on a larger project(s) in scope and breadth and/or acquire existing production. If anything, it may joint venture on a project but I don't think that we will have to return to the days of the past where start-up mining operations keep raising capital by issuing more and more paper. ANX is now a producer and as such if it plays its cards right, it should be able to grow organically as expenses drop/ounce of production and production remains at or near full capacity. ANX has the option of taking on some toll-milling contracts also to boost revenues but I would rather see them diversify into other resources such as copper, iron, silver and even uranium. It appears though that Dustin wants to remain a single-focused gold-play but I think that is short-sighted thinking. This is a long-term investment and eventually, the Company will break-through and its progress will be rewarded with greater credibility and a higher stock price.