Not at all. The current MC is $30.65 million so a 1 for 6 offer...

Not at all. The current MC is $30.65 million so a 1 for 6 offer at 22c or so would raise what is needed. The dilution at this level is under 15% even at the pathetic price EGA is at currently. Of course if we get some market interest then the dilution will be even less.

Go and look at some of the other hopeful gold miners like CMM. The need to raise $150 million off the back of MC of $44 million to produce something under 100 koz/yr at nearly the same AISC as EGA.