GG has always borne the brunt of the cost of mining period, and sold silver, per ounce, at a fixed rate to SLW. Why should now be any different. After all, GG owns 60% of SLW, and that is where they make the extra profit. There will be no dilution, because it would cut into GGs profits from SLW. Any adjustments will be in the price per ounce that SLW pays GG. Look for one hell of a rise in the PPS of SLW, as this Glamis deal comes together. Go to the website and review the WHT take over and the following year. Very eye opening. SLW is about to make a killing.