I'm still not convinced we'll reach 200 million shares. It depends on how much cash has been raised in the last quarter and whether it has all been spent. Based on the OS, Guyer could have already raised and banked $500,000 toward the mill opening expenses. He may also get back some of the $500k bond money in the next few months. Consequently, he may have about $1 million to work with before the mill opens. On the other hand, there may be other aquisitions or unforcasted expenses to take care of, or even extra cash put down on the two new mines. We just don't have enough info yet. Everything is just speculation.
However, it would make some sense to do maximum dilution now to raise any needed cash before the run up to the mill opening so that the pps will have some upward momentum as revenue starts coming in.
