What will happen to the PPS once Ruby begins mining full time?
That's the key to all of this.
Longs here think that once mining begins and the gold starts flowing PPS will rise quickly. Perhaps we are at .20 when those notes come due?
If so that would be less than 500,000 shares.
If PPS only makes it to .10 by mid November it will be at most 1-1.5M shares.
What is your prediction of PPS post Ruby mining?
Nothing else matters to longs. The recent moves of the CEO are to eliminate extra dilution now. This along with continuous development of our properties is pretty much all I care about at this point.
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