Make a bet on cobalt, page-8

Soooo if you were Brad how would you do it?
1) Raise $20-30m equity for the cobalt circuit?
2) wait for free cash flow to pay for cobalt circuit
3) raise $20-30m debt for cobalt circuit.
4) combination of the above

Anyone have any record of recent cobalt offtake agreements? Are these easy enough to jack up or is it years or testing first ?

Jeez I hope CFE has nothing to do with our precious little cobalt treasure