Undiluted and overalotment if exercised

315,736,714 shares out x $4 = $1.263 billion

plus $149.5 million in cash = $1.413 billion

not to mention what the adjustment to the Capex is going to add

Before today's big announcement

All time high - $5 at 276 million shares out = $1.380 billion, business as usual and snail's pace production in relative terms.

If you didn't think this was coming and figured this was gonig to be a grassroots mining operation forever, you're dreaming and imo this is exactly the kind of thing that will keep the bankers happy and I'd expect nothing less than $3-4 billion in the next year.

And if the current mine camp is as Brent Cook postulates, "too big for the mine plan and maybe even San Gold", then why not get things going with a page right out of G's book and do a 2:1 stock split and a bought deal financing at 6$ to get some serious production going to eventually get to 45$ over the next decade, I'm all for it.