First lesson, page-4

So you are quite happy having a CR at 0.003 with free oppies?
IMO, the co will need to raise $3,000,000
that equals to 1 billlion shares
Dont forget to add the free oppies, they are usually 3 shares to 1 oppy.
So it will add up to 1.33 billion shares plus the existing 1.7 billion.
We are looking at over 3 billion shares on issue.
This will mean mass dillution for existing holders.
You better hope the co find commercial quantities of minerals.
They have never found anything in the past 10 years.
Newcrest mining held the tenement years ago. Think about it, if it was good would they have dumped it?
Good luck.