Euroz Coverage, page-60

A few calculations assuming this goes through as expected

at 20c we will have a fully diluted (15c options ignoring the 40c options) market cap of $156'm

we will have around $33'm Oz cash in the bank ($70'm raised, at current exchange rates around $37'm to complete deal plus closing costs)

leaving an enterprise value of around $120'm for a gold producer with instant revenue plus a ~$1bn + DFS fully permitted lithium mine

now look at the lithium peer set and their enterprise values...

This should get the 40c options into the money before their expiry comfortably