The Dilution affert

From the asx announcement 14/01/2021

Can anyone explain how the below is a good deal and how the company will actually achieve this?

They only have $1.8m in the bank which is enough to keep operations going for the next couple of quarters.

The company only has a market cap of $40m.

The company will issue the below shares to complete the deal to buy the Greenland mine:



So they have to pay another $100K.

Not only that they have to give out another:

150 million shares
242 million options at 1.5 cents
192 million options at 5 cents

Not only that they need to make the below payments:



Very interesting deal this one. Is it good for share holders?

As shareholders you are paying a lot for this billion dollar potential.

Thanks Pokie for pointing this out.