obviously dilution is required to acquire a good asset total...

obviously dilution is required to acquire a good asset

total shares, including performance, is 995 million

3.3 cents = $30M market cap (exclude performance shares) which seems not expensive for this acquisition targeting 200koz inferred resource at above 4g/t underground or 2g/t open pit combined calculated per a performance hurdle

company has around $2.5M in cash after the raisings plus a possibly $4M in cash if they can get the Chinese money owed for the African gold project or, otherwise, regain the African gold project

obviously the grade will be higher than 4 g/t