RE: They are in the marketing period so it's quiet What makes you think there will be any warrants. Very high probability they will not issue warrants, only a discounted purchase price on a fixed number of gold ounces much like they did with the Silver notes, and a fixed interest rate. The real question is what the capital cost will amount to (i.e interest and discount of the purchase price over the term).
Not a great sign that it is taking so long, we should hear soon though one way or the other.