These are flow-through shares + warrants for common shares @$0.15. That means there is no dilution until the warrants are exercised, am I right? Otherwise 80million shares would be a substantial dilution of the share float. As it is the warrants will be a large dilution at some time during the next two years.

This is the only way I can see KWG being able to finance the massive amounts needed to build the railway, their stated objective, as well as drill and prove up the deposits we have.

At some point they will have to split off Canada Chrome, to begin the actual building of infrastructure.