RE:RE:RE:RE:RE:RE:RE:RE:RE:CCW HAS A HALTGraeme's stated intention in dozens of interviews and e-mails has been that he wants to fund exploration with production and eliminate dilution (so much so that he often speaks about share buybacks or dividends). I'd not fault him for one more round of dilution to get off the ground for good, like what Blue Lagoon just did; although even then I don't consider that to be a certainty, because the warrants and options have been so immensely strong over the past six months. We generate $24.5 million CAD in annual cash flow at full-scale 200 tpd production (pretty close to our present market cap actually). To say that that sum is more than enough both to explore and develop Brandywine would be an understatement.
It is rational to assume that there has been some kind of permit-delay at Brandywine, otherwise we'd have heard of it by now.