RE: well boys, no gold this year.. Assuming they can close the financing, I think this should dilute kinross to the point where kinross no longer has the right to participate in future financings. I am interested to see if kinross participates as it would be telling on the bulk-tonnage side of things. In my opinion participation by kinross means still some bulk hope in the eyes of a major.
The amount they are after tells me that another raise is probably in the plans for the late spring. I didn't see any mention of having scrounged up enough money to go into production, so at this point Calvin may be right in saying no gold this year.