Some thoughts on ExcelsiorFrom my recent conversations with Steve Twyerould he indicated that once permits are in place the Gunnison project will essentially be "bankable", meaning it would be positioned for construction financing. He was very sensitive to the issue of dilution and said that all financing options are on the table including debt financing and streaming. Having a major player like Greenstone control the company in my view is not necessarily a bad thing. Will they provide financing for construction? Who knows.? If they do, they will probably want stock and there's really nothing anyone can do about it.
That said, once permits are in place they may say "mission accomplished" and try to sell the company to a major player who will take out Greenstone's and everyone else's shares. Personally, I think this is the path Greenstone will follow for the company. They will want to make a profit and that will benefit every shareholder.
The issue of stock options has been raised. A chart detailing outstanding stock options is available on Excelsior's website under Financial Statements. Dilutive, yes. Something to worry about? I don't think so as it's already factored into the price, in my opinion.
Good things are on the way for Excelsior. The final Feasibility Study should be complete by year end and word on permitting status should follow shortly. I think we'll see another nice jump in the price when the final Feasibility Study is released and perhaps some follow-through on today's $14 million financing announcement.
All of the above represents my personal opinion. You are encouraged to do your own due diligence.