Gambler's RuinAccording to the website there were 127,869,837 shares outstanding on October 19 and 5,244,284 shares issued on October 20 at $.15. The quote says $.07 giving Coppernicus a market valuation of $9,318,000 and still no money to drill.
(no Options issued so should be entertaining watching Ivan promote himself into more free shares on Twitter)
The reality is a minimal drill program will require 30 million to 40 million new shares. The harsher reality is they would still need to issue another 30 to 40 million shares on any hype for a follow up program. That takes it to over 200 million shares outstanding!
It's the same trap Tier One has been led into with too much dilution required for too little drill money. GLTA