SYR Charts, page-2160

From my understanding we got 70 Million cash, but have 83 Million debt.
We need 138 Million for 10ktpa facility and 477 Million for 40ktpa facility.

Banks will not provide loan for this.
Will be JV capital raise with JV partner, not retail raise. Equity in exchange for funding.

Telsa could potentially be the JV partner, cause I'm not aware of Syrah being in talks with another party.
Question is how much the JV capital raise price will be with Tesla. How much will Tesla pay per share to provide funding?

Currently Syrah have 498 Million shares outstanding. If they able to raise when the SP is $2.00 and give 11% discount to SP to Tesla.
Capital can be raised at $1.78. So Syrah will need to issue 77 Million new shares to raise 138 Million to fund 10ktpa facility. That will just be a 15.5% share dilution.

Talga is also in the same scenario in terms of needing funding, but they also still needing mine permitting. They need 174 Million funding for 19ktpa facility. Talga in talks with financier Mitsui to provide funding in exchange for equity. Mitsui is large Japanese firm that usually gets in early with companies and provide funding for equity stake.