I had roughly estimated at a $.02 stock price another 21 million shares to be issued, plus that if they had to raise $1 million this year ( which their 10k/10q clearly indicates at least this amount) that would bring share count up to roughly 150 million.
So if share price dropped to $.005, and company actually could bring in $4 million, one could then see 1 billion shares outstanding and another reverse.
I agree unlikely to reach a billion shares outstanding under tehse secnarios,as if they could bring in $4 million, that would imply they got permit and began or very close to processing ore- at that point IR would have to be incredibly inept to have a $.005 share price.
Of course they have to dilute, who would expect them not to except for "traditional financing" which I admit I don't really understand how they would get. I woudl be curious how other people see the next 6 months. Frankly I think if the company survives this year and has a credible plan and schedule to go into production this year or next, it will prove a great speculative investment.
