Fully diluted share capital of 5.9 billion given all the options are in the money. So $35m market cap fully diluted for an iron ore project that is an area that's proven to be a graveyard for anyone that's gone there.
Good luck with that, all sounds as simple as NCZ - look how that turned out.
The term "buyer beware" comes to mind. You're punting on the promotion only IMO certainly not the fundamentals and in this market I reckon that's a real risk.
Ann: Placement, Board Change, Acquisition of Exploration Licences, page-20
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