I don't think so. There was a news release some time back that introduced the idea that more money would be needed. They mentioned equipment financing as a possibility but usually when companies say they might need more money they will need more money and they usually dilute to get it.
If they are serious about delaying production in order to deepen the shaft to the 1000 Meter level, then they must have firm estimates on the cost to do so. The way they have been talking about it so far tells me that they are going to do it. If the decide to go for it, then they will have to make a strong case. If there are significant resources to be gained by the deepening, then it may be worth it. It may be better to take the pain now, instead of in the future. A cost and time estimate would be nice!
Yes, that's what stinks about going deeper under these market conditions. It will be a significant giveaway of shares to achieve something that can be delayed for years and done more cheaply later. I still question Mikes intentions here and his loyalties whether they still lie with Goldcorp.