Baires

My thoughts would be a dilution to one billion shares (from 300 million) and conventional debt of $100 million. This would be extreme dilution but would likely provide the funding for the mine. This is based on a massive PP at under $0.15. Also, the POG reaching $2500 two years out and a great FS. My SP is conservative and is based on going forward with a mine. I always look at the worst case scenario so I am not disappointed. Tyhee is a long-term speculation that one can accumulate on the cheap, put aside and concentrate on other short-term plays for income. Work through the numbers and this would be feasible based on projected production. If no mine is built, all bets are off.

We all know of some great PM mining stocks that have been punished recently in their SP and should be bought for the rebond when it comes. Those can be traded as they are very liquid and have nice volatility.