I agree that company warrants, Options, require an increase of about 150 million shares Not 5 billion!
The idea of selling another 800 million shares to Tangiers at even 0.01 is FOLLY!
At 0.0015 is Pure Madness.....it ain't going to happen!
The share price would crater as soon as selling starts in earnest with 5 billion to go...
Therefore
I have to think that Briscoe must have some news or agreement planned to raise the share price substantially! !! And to promote confidence in his plans for Hay Mountain
Otherwise, if no JV now, better to reduce all claims and reduce expenses. Then Private placements even if small can be used to maintain claims on Hay Mountain or accept a smaller deal instead of waiting for a dream.
The takeover talk is Nonsense. ..
We would vote as shareholders anyway before that and we can decide on pros and cons of any offers.