Skel,

As you say, "So I think that they will need to enter contracts and spend money outfitging a new corporate HQ and Yellowkinfe office. Perhaps not this year, but next for sure. This may mean that my estimate of the next few rounds of private placement may be a bit too small. This may mean that the final share count will be higher than my last estimate. So I'll go with 300 million shares when going into production. So much depends on share price."

Gosh, 300 million shares at production time seems pretty good to me when you consider that Romarco Minerials (R.V), probably another two years from production, already has (Are you ready?) ...

373.58 million shares outstanding!

Even with this very large float of theirs, Romarco's share price blast off hasn't seemed to slow down since they delivered their feasibility study last February.

Cheers,

Baires