Yep, makes sense Mick.Back of the envelope calcs.Assume G & G...

Yep, makes sense Mick.

Back of the envelope calcs.
Assume G & G want approx $15M for Lady Ida, which is fair value, could actually be more, considering their court battles over the past 10+ years.
That should equate to 600M shares using 2.5c per share, which will bring our SOI up to around 4,357M shares.
If we do go down this path, I don't think the market will reflect immediate fair value for the Lady Ida lease, due to extended timeframe to actually get Lady Ida dirt through the mill, guessing 4-6 months time.
Once we start seeing this dirt through the mill, there's no real reason why this stock can't get north of 4c.
In the meantime, I can see this dropping further south from where we are now, 2.1c possibly, if the share issue goes through this will align us with our current market cap.
Not saying that the share value is right, but it's where we could possibly be heading in the short term until everything has been resolved and Lady Ida dirt is on the ROM pad.

Just my ramblings.