My thoughts are lets do what pays us soonest with minimal dilution, to fund bigger and better.
flotation might be sexier in implying more product, but if DSO is the difference between 1b shares on issue vs ?2b shares on issue in 5 years time - with a couple years of revenue to prove up resource and then fund flotation + processing to expand, in between - I'm leaning DSO.
if our resource potential at our northern tenements is as such an opportunity as implied - a couple years difference won't make a huge dent in our overall value/value loss from DSO vs floatation for a couple years should be acceptable loss vs retaining smaller SOI in not having to capex raise for bigger... or even to have to part with percentages of the company to a major for swiss cheese assist.
TLDR, happy to wait for this beautiful puppy to find its feet, by starting small.
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