Not a single investor doubts that, but it’s how much you give away to get there. This is already heavily diluted because of the time it’s taken and the ridiculous amounts of CR’s done to date. Remember they did back to back raises inside 3 months.
With that you’ve got your Texan mate boasting about the terms he got, now do you think any others will accept any less? So when you add all the shares already out and the ones needed to get funding, it won’t matter when you go mining there is no massive rerate. It’s just a business to pay the super of all the guys on the board.
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