Just a quick thought to add to this suggestion.

Raising $ by this method IS a great idea to reduce dilution and raise capital.

Only catch vs doing a bought deal is how much $$ you can raise.

What was the last PP, something like $3M? Cash in ALL of those warrants which might drive the SP lower in the interim would raise somewhere around $5M for arguments sake.

If you get $5M you buy yourself another year of drilling with 1-3 drills and building out your deposit, which is great.

If you can secure $15M you can afford to bring 3-6 drills out and expedite productivity by a multiple, which could save us 2-4 years of proving this out.

You'd have to gauge dilution versus time value, and as we all know the timing for a great gold stock is right about now.

Just a quickie thought here. I have no idea how Frank wants to play his next capital raise. I'm pretty sure he does not want dilution, AND he wants to take things to the next level so my guess is as good as anybody's.