what's it all worth?, page-3

My pleasure Burtbachah,

“If they need to raise capitol I hope they include us common folk.”

We are unlikely to need more than $25-30mill maximum (allowing also for working capital) seeing as we still have $23mill cash and capex is $27mill.
It may be much less if trial mining is cashflow positive. It may be zero if we go for very modest debt funding.

With a mc of $165mill (and probably more by the time we are ready to go) any potential cr will be relatively small and not very dilutive.
Might not be worth the extra cost of doing a share purchase plan, especially if half or more is debt funded.

I am not too worried about dilution; that was part of the reason I bought this one.

You raise a point I didn't even touch on with my valuation earlier.
Potential for higher gold prices. My valuation of 10.5-13.5c was based on A$1600 gold.
Most here are bullish on gold (especially me).
Higher POG would have very strong implications to the value of Buccaneer as well as add value to OP.