FUTURE POTENTIAL V3, page-498

Hi all, The last quarterly had VRC with approx. $5.3M in the bank which could fund a further 5Q's by that statement.
Subsequent to that there's been the restart of the Zav mine which would require funding. Net cash for the quarter -$910k. $1m received from 'issues of equity securities'. Admin and corporate costs of $460k don't seem unreasonable.
I note that there are 2.7 billion shares outstanding (my dinger goes off when shares start approaching 3 billion).What are you thoughts that there will be a raising in the interim to fund Zav and others, and do you think there will be further dilution in the short term before substantial development of Bunyu occurs?I ask as I am considering taking up a more substantial holding of graphite (maybe VRC, am already a holder) in my portfolio funded off the back of wins in graphite's sister industry (Li).
Time is not of the essence in my reckonings, am usually a long term set, forget (and forgive) type with an investment horizon of 10 years, provided the business case is compelling and the development team are competent and not there for the lifestyle.
Am unafraid of jurisdictional risks, I have been just as burnt in first world plays as other areas, indeed, places like Australia are getting harder and harder to do business in and am actively divesting from Australia into broader spreads.
If not VRC any other graphite plays you'd recommend? Anything else that is of interest?
Have a good day.