First of all PGRx needs $1 Billion to build out the mine...that is the cost and always has been
They are not going to fund the construction cost by issuing stock at 33 cents. They are going to sell bonds and or sell future production once the feasability study is concluded and funds are raised through some type of debt instrument. Maybe at $1.50 or $4 they will sell stock but not down here...warrants will be higher as well.
I didnt sell. I actually bought some more after they refinanced the debt. I look at it as a call option on them being successful. They need to partner with a deep pocketed mining company or get good terms on a decent sized loan. I hated the Apollo deal and sold most of my stock after they did that deal. It was so one sided and dilutive....a first grader negotiated that deal for PGRX.