Absolutely. To raise as much as they have dilutive free is an amazing achievement. This will be a grower...
When you factor in it's a 2 pronged commercial venture covering both Ore and HPSM sales, each at significant margins backed by the 1.1m per year recovery, its money for jam. ADD to that the mammoth resource size and life of the project (potentially 100 years based on total resource), the market will at some stage realise what all this dilutive free raising is underpinning. A MKT Cap multiples feom where it sits today.
Next cab off the rank? 3rd OffTaker or NAIF? Each likely a further kicker towards overall funding and if history repeats, dilutive free in nature.
E25 Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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