There will be plenty of churn - I agree. I will be one of them.
In terms of dilution- it has never bothered me. When you invest/punt on specs in order to do what they do they need cash. Exploration burns cash. If they hit the jackpot you win if they don't you lose. Simple as that. Don't tell me that if they hit the jackpot here that the sp won't be considerably higher than where it is with or without dilution. If they hit it big, dilution won't mean a thing. Use SDL as an example - a billion shares on issue and still managed to go from 5c to 80c.
Don't get me wrong - plenty of risk here. But also plenty of oppurtunity.
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