Yes dilution of share capital is always a concern in the junior markets, and it is a dificult call with either progressing the project or not doing a lower priced PP and having ahigher share prices.............
If the project has merits then dilution is usually not a problem ..............
fyi, Here's a low 30M I/O jr in production, not too much dilution here ....
I'm in at 27-30 ..... can see 50-60 on the horizon .....
June 14, 2017 / TheNewswire / Vancouver, British Columbia - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV: GYA) is pleased to announce 910 oz of gold has been mined and recovered by local small-scalealluvial miners (artisanal miners) on the Marudi Gold Project (the "Property").
TSX Link