Another discussion on dilution? All dilution means is that the SP won't be as high in relation to market cap. It will still hit $3.00 if they strike big. What difference does it make?

If the market cap goes up to 20x current, then so will the SP, given the same number of shares. This is a TSX listing, so the fact that it is a penny stock is not a big surprise - most of the juniors are, as NOT was just last summer. NOT is now worth $5.50 or so, with 125m shares. Doesn't seem to be hurting them.

Dilution won't be much of a factor when they decide to get more money - with a SP that will be minimum $1.00 when they need to do a PP, this means adding 1 million shares per million raised - dilution is less that 0.4%. Now look at NOT - when they raise $1 million, they need to issue 150k shares, diluting them by 0.18%. No difference really, when you are talking little numbers like that.

This is a matter of a millionaire counting his money and comparing it to the $US. What difference does it make if the million dollars is in quarters or $20 bills? Other than portability, it has the same impact when the rates change.