Always wondered how much SOI matters.
SYA has more than 8bn on issue and when it’s been pumping it’s moved along just as much as the other majors.
CG has said we are capitalised all the way through to DFS already (end of 2023).
If we can get the next raise away at 25c mid way through next year, we could raise another $25m and only have to issue 100m additional shares. Ideally after this CR there would only be a need for one more financing event which would be a raise to cover long lead items and capital costs to start up a mine.
LTR has 2.2bn SOI while CXO and LKE are well below 2bn.
Ann: Application for quotation of securities - LRS, page-5
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