Mainland Resources, Inc.(fka MNLU)

[dbelmont]

Debt clearly the likely route

I'm with mike on this. Sitting on a pile of gas with most of the risk already handled. No doubt (as I said before) in my mind that the implications made in various places that this is a done deal are correct.

But that debt may have a share component or at least an option component as a sweetener. And my opinion that if it puts the money in the bank to finish BV#1 it's a good thing for us even if it could be seen as diluting our current share value. My guess is we are all looking at future value, not current value on this play. eh.

Fortune to us all.