SaturnV as far as I am aware Torrecillis will be funded from...

SaturnV as far as I am aware Torrecillis will be funded from debt and not a capital raising. If you have heard John Langford talk he always states that he does not want to dilute shareholders (Himself and other board members Included) as they have alot of chips in this game aswell. I think that it is a good strategy for creating wealth for shareholders. MUN has been through the "hard times" last year when they were very low on cash and come out the otherside with enough cash to improve the mine and continue their highly prospective exploration at three of their projects and it only gets better from here. It seems a given now that Engenho will have increased production by June next year at a forecast lower cash cost of around $500 per ounce. On top of this we have Torrecillis which has an exploration target of 1.9 million ounces at between 15-18 grams per tonne (which is crazy) and just to sweeten the deal Torrecillis pays for its own development through trial mining, how good can it get? Throw in to the mix the drilling program at jaqueria which is underway as we speak and you have a company that in my opinion could easily be a 5-10 bagger in the next 12 months. We also have Tocantins on the greenstone belt in the background which is huge and the company has stated that there could well be multiple mid to large sized gold deposits here. I think the point that John Lanford makes is if MUN can advance all of these project without diluting shareholders, ultimately that is what is going to create the most value for long term holders. All I can say is that they are doing a mighty fine job at the moment and I expect it to continue. I will accumulate all day at these prices.