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Here's a model that may help the maths. At completion of the issue there $6m in the bank. Divide that by the billion or so shares. But the money is going to be spent. Yep; on the 100k lease next to Great Bear. So are the leases an asset or not. Acquisition of this lease may coincide with some great Great Bear news. I agree with David's outlook. It's a bit like Butch Cassidy and the Sundance kid on the ledge above waterfall...why worry about drowning tge fall will kill you anyway
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