With gold likely to trade >US$1000/oz in the next few years ORP...

With gold likely to trade >US$1000/oz in the next few years ORP management could create more shareholder value by sitting on their collective hands drinking lattes all day than this placement at 2c. This dilution is never reversed and restrains upside leverage.

Some idiotic placements going around in the gold sector atm with funding just starting to loosen up. Exploration companies that continue to wait, conserve cash with valuable in ground assets stand to be less diluted in the long term.

A smart silver company did this in 90s and early 2000s just acquiring silver resources for less than 10c/oz, barely progressing exploration and has only just recently started to think about producing anything.