Hinneh, these directors are smart and will try to avoid debt...

Hinneh, these directors are smart and will try to avoid debt funding, dilution at all cost. This is the main reason for a staged approach to bringing the mine back into production. You don't have to have the entire $50M at one go. Start with the tailing, bulk and then hard-rock - off-takers usually will give money up front, so you will see IMO a good % funded this way if you look at the cost laid out in the last preso. Even if we doubled the share registry at some point I don't think it would hurt the SP much once production starts and it wouldn't be in one hit either.