BB placement shares = 110,800,341
SP $2 = $221,600,682 vs SP $1 = $110,800,341 vs SP 60c = $66,480,204
If you own that many shares, you'd want the SP to go up not down.
Plenty of powder in the keg:
There is the SS development and financing story.
There is the drilling and exploration upside.
There is the 20% Whim Creek free carry and $1M from ANX over the next 3 years.
Almost $100M in accumulated losses (tax asset) means this can be offset against future profits.
Underlying all these is the strong Cu price. VXR Copper remains uncommitted / unhedged.
Post placement about $20M cash in bank + $40M options for growth opportunities.
In the event Cu goes down, Bill can buy a gold mine or two.
BB will tie these all up and build a multi billion dollar company. You just gotta be patient.
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