Have you tracked the history of PLS, LTR, SYA, CXO? Dilution is...

Have you tracked the history of PLS, LTR, SYA, CXO?
Dilution is certainly a big issue for small caps, and majority of them need several rounds of CR on the way of growth. LRS might be the most certain small cap in terms of parhways towards production and we would expect at most two CRs before production (one would be the $200M capex for construction and it might also be provided by one or two offtakers; the other mighe or might not be necessary depending on the actual plan). But those CRs will not cause much dilution because of our much larger market cap by then. Maybe one question for you: could you provide some small caps that are cheaper than LRS but show a clearer and less cost-intensive pathway to production? The answer would help everyone here with a better investment decision.