RE:deficit"These funds will be applied to upgrade, expand and develop the mineral resource of Fruta del Norte"
deficit I assume is the total assets at formation of the company compared to what is now
none of this is very meaningful when you consider the amount they will need to build this mine , a 500,0000 oz/year operation would need at least $3 or 4 Billion i would geuss at least and that means massive dilution of shares ...at what price is anybodys geuss as that depends on POG at the time
they would also most likely do a debt issue later on to finish the mine build
the big hurdle now is political , getting a deal done with ecuador government ...if Lundin cant get it done then nobody can