If we do reach $20, cap raise of 5m shares would bank us $100m in cash, which could potentially take us through PFS and DFS and FID.
One thing is for sure, we will not need to raise as much as some other explorers (e.g DEG and CHN) due to the shallow nature of our deposit which does not require too much expensive deep drilling. And we are probably only ever going to be mining the high grade stuff that will secure us generations of wealth. We do not need raises that are highly dilutive. IMO only.
Broker Data, page-509
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