Thanks for the answer. CEO thinks there is 100 mil ounce potential on site. I think Silver Wheaton would agree on that as well.
From SLW's web site.
"Development decisions on three more targets within the District are expected during 2012, with a goal of identifying 100 million ounces of silver in this prospective District and ramping up to more than 7 million ounces of annual silver production within the next decade."
Dilution is not being considered at all in my opinion. If the CEO was a serial diluter, he would not have done the SLW deal. They have the means to move forward without it.