Definitely a massive overreaction this morning. Raising funds is the only way these explorers can continue the story.
Dilution is never nice but it has to be put in context. TMZ with a probable 80million oz combined deposit at 43c oz was already extremely undervalued.
Now silver has popped and on its way to $30 the dilution will be counteracted by the price increase.
SVL by comparison is $1.20 per oz and almost all of the TSX silver plays with greater than a 50m oz deposit are ridiculously priced. Some I've looked at have $2/oz pricing and in Mexico!
Definitely a massive overreaction this morning. Raising funds is...
Add TMZ (ASX) to my watchlist
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