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Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.

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Message: Junior Miner's Woes

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ChrisB

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Re: Junior Miner's Woes

in response to Re: Junior Miner's Woes by aurum09

posted on Nov 21, 09 08:48AM

I agree with no further dilution as well. With this financing, there should be enough capital for prefeasability, advancing the environmental and metallurgical studies and most of next year's drill program. If they want to continue exploration at such a torrid pace and need more capital, a PR push to get the SP up and the higher warrants exercised might be in order - although there is still dilution, it comes more from long term investors and keeps moral much higher than a PP at a discount with a big bank.

JMHO, Chris

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