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