Ann: Board Changes, Placement and Name Change , page-22

Based on what we have been told by the company offers of finance have exceeded the projects estimated development cost, see below from latest quarterly.

Having received offers of finance that exceed the Project’s estimated development capital
costs of US$161 million, as defined in the feasibility study, Richmond is now moving to
negotiate working capital and cost overrun facilities.

What other reasons are there that there may be massive dilution at this point, obviously things can change, if in doubt shoot them off a e-mail and ask the question.