It dosnt matter !!!!!ANy gold stock ... i mean any gold stock will issue millions of shares ... how else do they get money to produce the crap ..name any junior and i will show you that they will need millions upon millions of shares to issue to be able to build a mine ... just remember ...any gold deposit with annual production of 100 -125 000 per year will need about 100 mil to build a plant ...
So have a look at all juniors and ask yourself ...
if the junior has 2 mill oz in resouces .. ( thats what needed to support a mine with 100 000 per year for min 10 years ) ..whats the cap of the SH$t junior ( i think all junior gold stocks of full of crap ) .... if its above ZERO .. then its overvalued ... you see it will take 100 mil plus for the company to start producing the crap ...
SO which junior out there has a market cap of zero and has a min of 2 million ounces of gold in the ground that can be produced for about 200 cash costs ???????
I think the problem here is that mngt should of waited till i made one million dollars on there piece of Sh$t gold stock than sell shares to there buddies ... thats the problem ... the stock didnt go high enough before i got rich ..so i can sell the crap ... ... if it did .. i wouldnt have a problem
dilition is needed for ALL GOLD STOCKS .. it dosnt matter .. there are only maybe one or two gold stocks in the world that can build a mine with cashflow .. all need to get suckers to buy paper ..
WELCOME to gold stock investing .. the worst investment in the world EVER..