Running discussion on SP, page-11757

The main problem here is the market cap and road to production.

We need say $150M to get into production but what are our options?

1) issue equity with massive dilution.
2) offtake, but why would someone pay $100M for a fraction of the deposit when the MC is sub 200M.
3) project finance. The only real option.

Our SP and corresponding MC is making it increasingly difficult to raise the funds required for mining.