I don't think that our shares will be hugely diluted if we were...

I don't think that our shares will be hugely diluted if we were to offer Cuervo SRK shares to combine the companies. The benefit will far outweigh the dilution.

Strike owns 31% of Cuervo effectively. So even if we offer Cuervo 25% of the combined companies that would mean about 50m SRK shares created. Which would mean fully diluted there would still only be 200m shares outstanding which is still not too bad. But I don't see that we would offer a near bankrupt company even that many shares.

But under the above scenario I still believe it would be beneficial to pick up Cuervo's assets to dilute our shares by that much. I would be willing to move from 100% ownership of SRK to 75% of SRK and Cuervo assets. If we did then I can see well over 1bt iron ore within the year and we will be looking at a truly serious prospect. One that others will be paying much closer attention to.

Bring on the merger and please dilute my shares and bring on a 1.5bt resource company.