time for reflection i think, page-9

actually matchbox I was thinking along the same lines....wouldn't it be nice if Teck and Marqua were just a smoke screen for a raising at a higher price (although I am not sure that is a realistic dream)

but don't forget the teck deal comes in 2 tranches....the first would see Teck pay up 5 mill for 51% of myrtle.....but todays CR would raise 5.3 million for 42% dilution....but to put that another way at the moment current shareholders own 100% of myrtle but after the CR current shareholders would still own :

100/(100 + 42) x 100% = 70%

presumably Teck would only pay a further 10 mill for a further 20% if the first 5 mill uncovered a bonanza.

what would RXL be worth by the time another CR was needed if bonanza grades were hit.....

By the time 15 mill was raised current shareholders could end up with 50% of myrtle instead of the 30% under Teck.....

but like I said....prolly too good to be true.