I was definitely caught off guard at the PP since all indications were that it would be unnecessary. What we have to remember is this - maybe it technically is unnecessary - maybe the company could make it on the 10 million credit for the next while and then use positive cash flow to move forward. However, it's a matter of implementation time. How long would it take at 700tpd and 4g/t to get enough cash to expand the mill, refurbish bachelor, drill Hewfran and explore Nelligan? Perhaps the company wants to fast track to 1200tpd and as Ron P. suggested in his interview - mix high and low grades to add to the life of the Barry pit. Dilution always hurts and none of us like it - but if it enables them to grow production faster, increase mill grade and add mine life then it's increasing the future value of the company.

MTO has great management - we have to trust they've done this in the best interest of their investors for the long run.

Let's see what the future brings... I'm hoping a bunch more gold.