As I indicated I looked at what was spent last year in cash, some $400,000, and figured it is just common sense they wouldn't need less.
Looking at their 10k comments + their february fact sheet update which maintains a forecast of re-opening the mill this year + costs to be a reporting company etc, the $400,000 would seem a very low estimate of what they need to meet their projections.
Since they are already at 122 million, my opinion company will reach at least 200 to 250 million shares outstanding.
this year.I admit though this depends a lot on share price during this period.I agree until we have more information it is difficult to forecast but isnt that what any investor does to try to see where the company is going ?
As far as issuing shares to build up a cash reserve in my opinion that is unlikely.
