hi Romans828, Snowden is a reputable engineering firm that is giving their preliminary assessment of the property. If you look on page 2 of the report you will see no copying of report except as required under the Canadian securities legislation. This means Snowden can write the NI-43-101.Their geologist and geophysasist(damn I can't spell) have the credtials to write th 43-101. Now if I understand correctly Ironwood has to ask them to write it and pay for them to write it to file with the Canadians where ever it goes. It is my understanding that Ironwood always tries to get the 43-101's from reading all their past deals because it gives them validity to go with the reverse stock split. Part 1 of you question. the reverse stock split I beleive is to increase the share price. this plus 43-101's make them more credible for getting on the TSX exchange. the golden exchange of gold companies. At sub pennie levels they could not get on this exchange, like I said Ironwood is learning from their mistakes before the reverse spit they did a forward split and created 500,000,000 shares, the posabilities of dilution were huge. which brings us to your third question will they dilute?? In my opinion probably to fund the exploration and their lease agreement with the falcon group. The good news is there's only a max of 25million AS, so anything more and you would have a forward split and as diamond fire said 100,000oz Au = $6.00 per share. hope that helps. take care elkomike
AI
