GNM 15.4% 1.5¢ great northern minerals limited

Ann: Capital Raising Placement & Share Purchase Plan, page-35

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  1. 612 Posts.
    lightbulb Created with Sketch. 280
    For all of those worrying about dilution (and I worry about it too), let's remember what we're potentially looking at here.

    Say we have 1.5B shares on the registry.
    We also have a possible 40km strike length.
    Other listed companies have sold less than 2km of length for $100M

    Let's say we don't have anywhere near the size we think we do, but we do have a commercial deposit, and we sell it for say $500M.

    That's still 33c....

    Think big picture people - that's why we've invested at this end of town after all.

    All in my humble and often wrong opinion....
 
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