Litch,
Prepare yourself for 75c. Only saying it now as someone has already let it out of the bag.
All shareholders will get a chance at least to get in at this price. Rights issue at 1 for 2 you hold.
Is this too much dilution? If we get to even 100mill shares by the time of production and earnings can be up to $35mill. What will the shares be worth at 35c EPS. Would $3 seem fair without taking into consideration increase resource by then?
And if all 2mill tonnes go out in a year what would it be worth at $1 EPS? Would $8 be fair?
Ann: Trading Halt , page-33
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