Just a thought but instead of financing once a year, why not twice or 3 times? Sure the overhead involved in raising funds is somewhat higher versus the cost of doing it once, but I figure spreading out private placements a piece at a time makes the share price less prone to a pre-finance attack by our "good friends" the Canadian brokerages.

OTOH maybe we shouldn't be so concerned about getting whacked so hard at the next financing. Many small caps have been trashed down to 2006 levels where there is far greater opportunity to gain by manipulating the SP up from depressed levels. Fundamentally this makes sense considering a company like Tyhee that not only has advanced it's resource base in the last 2 years (economies of scale), but also stands a better chance those ounces are economical given the huge rise in the POG.

For these reasons and the fact the whole junior sector is grossly undervalued by the Brokerage house and hedge fund shenanigans, I think Puplava will be proven correct in the coming explosion in the valuation of small caps starting sometime this year making the broad junior rally of 2006 pale in comparison.