They absolutely have to dilute to get the money to push this project through to completion. There need to be more drills, and then there are the future costs of 43-101 and PEA. Anything this size has to dilute, there's no other way.

With that in mind, given the burn rate and cash in the kitty, they should be able to put off raising money until Xmas, when (as they suggest) they'll have over 100Mt of ore backing a (probably) significantly higher price. So it's definitely nothing worth worrying about to anyone here. You've already got a multi-bagger, dilution is a minor thing to you.

Thanks for everyone's reports. It was especially interesting to hear about CBC. Who knows, maybe this crazy thing goes viral, everyone and their granny wants to buy in, and GNH becomes as horribly overpriced as Osisko? That'd be nice. :-)