RE: updated presentation on website this is what I get from the presentation
They already have 100 million shares
5 year mine life at 35000 ounces = ~200K ounces
although target will be ~400K ounces to extend it to 10 years
They have large property so will likely find a lot more
2013 Tranches needed
-------------------------------
4 million
8 million
At 4 cents a share, that is 300 million shares
I see gold shares staying depressed this year
2014 Tranches needed
--------------------------------
$30 million
At 4 cents a share, that is 750 million shares
they could get financing at better price but i still see that dilution will be tremendous
i could see a 20 to 1 reverse split when it is all over
I don't see even a spectacular PEA doing anything much for stock price