RE:DILUTION 80 MIILION SHARES(WITH WARRANT)
This latest PP seems awfully generous of them, and may help explain the 25% drop in the share price over the last week or so. I still think the future for Santacruz looks good, though not as good as I had hoped a couple of weeks ago.
After this PP they'll have 301M shares outstanding, 428M fully diluted. Gives them a market cap of CAD 90M (128M fully diluted) at a stock price of 0.30. If they manage to deliver the guided production of 4.5M oz AgEq per year at an AISC of USD 16, I'd say there's still quite a bit of upside potential.