From personal experience, I am seeing the dark side of the financing. I have offered partial financing to a venture that has already spent and consumed $46 million over twenty years. Similar to Tyhee the economics are looking better with time. The "missionary" work has been completed by shareholders in the past. The share price went from $2 to a low of $0.06. That is when we took our initial position. At the high the company had a value of $40 million. At the low it was less than $4 million. We took a strategic amount of shares between the two of us to have some semblance of control. Financing and lack of share price appreciation was similar to TDC. Subsequent PP's at a low SP diluted the hell out of the long suffering missionary. We gained more shares and warrants while providing funding at 12% backed by strong collateral. Now we are funding the commercial operation of the concept. They have to accept our terms or they are at the mercy of much higher rates. The project will go ahead. Most will not see a return after many years even if we see a tripling of the SP in the next year.........Do you see the parallel? Financing will come with a cost. When all is said and done I still expect 1 billion shares and a pile of debt. Some will truly do well. Will it be you? I am still long but reality and the 85% rule come into play here:(. Financing may give an initial pop followed by the inevitable drop to the previous trading range. Financing does not take all the risks away. Infrastructure, dilution, weather, timing, potential low grades initially, geopolitical events etc. I am still part of the first pour crowd. I have the patience and a low ACB........Where do I stand when we start selling ounces? Hopefully in good shape. All the happy talk will not change what will come. I welcome the comments. They have never financed a risky venture. Bring em on!