My understanding is there will be 10-25% of the shares diluted...

My understanding is there will be 10-25% of the shares diluted through issueing additional shares, over time naturally to avoid watering down legals. With options at an extended price with expiry somewhere near to expected 1st production and or 12months after 1st production. Maybe conditional on ownership of other leases/competition to other financing obligations ie

As for pricing, 10-13c in my mind is accurate for insto, then with options around the 15-20c mark circa 2022. As I think fair market value to be around 35-40c once first modular plant starts up.

Other big ticket questions with production and funding, staged production increase with positive cash flow, or maximum size first.

Again with Flemington, is BB waiting for CLQ to start production before AUZ starts, or do they want to flip adjoining leases to CLQ to further other exploratory adventures??

CLQ has contracts for SC recovery for scalmalloy production... and a proprietary extraction process. Has more in the bag, hence my flem flip comment. Never know, BOEING my cough up some money