Ann: Kaiser Resource Estimate of 4.7M Gold Equivalent Ounces, page-28

They don’t require additional equity now for existing ops and the debt side is sorted. If this is just a North American roadshow to build awareness with the aim of funds buying in market, that’s fine but it’s a lot of work and expense that has no direct benefit to the business other than perhaps strengthening the register.

Other options might be looking for deals related to Boda (JV, equity and/or debt for when the time is right) or possibly to seek a block trade for Gandel to reduce his stake and rebalance the register. I’m certain that if Gandel is reduced, more and more institutions would be interested because as it stands, he wields too much power and instos wont appreciate an erratic chairman being able to throw valuations around due to poor financial risk management.