Don't forget the share buyback program which could be increased. At 3 cents per share all the float could be bought for $15 million if shareholders would sell (which most won't! at that price!), As RK said to me last week, dilution during the development/discovery stage is normal and it can be reduced quickly or even eliminated once the revenue starts pouring in! If the wealth is truly in the mountain there won't be any dilution in the end.