Originally posted by HairyRichard
Unbelievable the amount of dilution these guys are pumping out
Another ~150m shares for ~$1m plus an additional $0.001 (Yes, that's 0.1c) option for each 150m shares.
Another $1m tranche drawn from Magna too.
Let's hope this new guy knows what he's doing. looks like he wants to implement 2x 25tph hammermills to the circuit. I don't know enough about gold mining but I believe I read here that the 25tph mill wasn't recovering enough gold?
Would love for someone who knows gold mining to comment on that
The new oppies are $0.01 or 1 cent not $0.001 or 0.1 cent.