Try 350K+ shares -- still don't see how KVM will be able to snag shares for less than $.02 unless earlier shareholders sell shares. The agreement with KVM indicates more shares to be made available to KVM and sold over a 36 month period than there are number of shares outstanding. Dilution would occur to early shareholders even though there is a 120 day prior price assessment, which 4 month period could be assumed 4 months from now and that would pretty much guarantee a $.02/share price.
As an earlier investor, seems to me that other similarly early investors should get out before further dilution occurs. But set a $.05 or better sell price so that $.02 could not occur. It is shareholder turnover that KVM and other agreement partners want -- to have a stronger share of the pie -- until the truth about these tailings and the other project site is determined. Also, the January 2014 date is a critical performance date -- put up or shut up time or the ownership stake agreements are void.
Bottom line: proven reserves need to be verified in some way and soon!
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