80 million shares div 6 is 13 million shares being manufactured.
Suppose many (probably the institutional) step up to the plate with the cash and exercise.
5,000,000 otherwise would not seem unreasonable; at a 50,000 share per day trading volume, if they were all new purchases this would be 100 days of consumption. If no time limit, the warrents would drag the price for a long time. As it is, life goes on as normal after Nov - Thank God!
Dilution is the only durable option. I know someone who lost on Adanac Moly; they borrowed money and as soon as they did we had an economic meltdown. Sitting on our own money, there will be nothing that can hurt us.