There are some people that worry about dilution when we get the power plant permit. They think there will be a massive issuance of shares that will keep the stock down. I say this is not something to be concerned about. John does not want to do this. Our CEO is one of the biggest shareholders and has skin in PCY so I see this as a non issue.

You can also take into consideration what took place in SEP last year when PCY was .50 cents and we needed money to get UO up and running, John got us a loan.

http://www.prophecyresources.com/news_2010_sep02.php

Then when our stock was up about 100% we did a financing and repaid it.

So if I was John I would do it the same way.

But you also have to think that when we get the power plant permit we will have over a billion tons of coal that will need to have a value attached to it.

Right now no value in our SP is derived from Chandgana. And at that point I can see people fighting over our shares.