DEG potential, page-2

I agree with your assessment of the capital raising being most opportune for us investors in DEG. A dilution of 400 million shares raising say $1.10 a share would give the company enough money to strip the overburden, commence an ore stockpile and to build a processing plant without going to the banks and being locked in to forward gold sales at below market rates to pay off the loan. The equation is dilution now or diluted earnings once production commences.

Additionally, I subscribe to the theory that the price of gold is going to go much higher than it is today. The bankers know this also and the bankers will want to lock in forward sales of physical metal to themselves at a discount to today's price, not the price that prevails at the time that the metal is poured.