Only a little more than 4 million got exercised last week. Which is good for us - less dilution than if they had all gotten exercised. They now have $17 million in cash + 1 million from the last ore concentrate to be shipped. Should be enough to get the mine running well.
I'm going to say that we have put in the bottom. This high grade gold mine will be wildly profitable even a $1000 gold.
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