Some mathsAnother big check mark beside the milestones.
The money raised to date this year, when applied to property expenditures (which dilute minority partners and increase OCO's % interest in Santo Tomas) should take OCO from 61% to 73%-74 ownership, and fund enough drilling to produce an initial compliant resource; a 25% increase in overal ownership and a 1-200% valuation increase when converting "historical" resources to NI43101 compliant resource. A valuation rerating of +250% will therefore be funded by this offering. Clearly, to me, the market recognized this math. The +20% market move shows the market gets it and is hugely pleased with taking any financing risk off the table. Sure, it was "dilution" in that shares on issue rose, what <8%, maybe 11% on a FD basis, but even after that is considered, the funding completed will, when applied to Oroco's phase one, etc. exploration, can/will lift the company valuation by >150%.