Ann: Renounceable Rights Issue to raise up to $15.8M, page-214

Regardless, premium of $25 is laughable. We'll be getting $75+/t by the time we're in production, I'd almost guarantee it. PLUS the massive contingency they've factored in. That's the difference between our PFS and that of High-O - We're being extremely conservative, seeking to start small, in order to maximise our chances of receiving funding. High-O are hoping to come out with, what, TEN TIMES the amount of production from the get-go, seeking FOUR TIMES the amount of capital, in order to mine and process ore that has FOUR TIMES the strip ratio of ours? Lol.