They could for instance, given the advanced MRE, and direction of Renard, simply stop drilling altogether. And cut exploration only down to a prolonged utilization of the CFTF, schedule it to be used with the relevant schedule . (delay its draw down)
Factor then, how long 45m plus what equity comes from a strategic re-rate, then equity for cash from strategic.
Every stock raises capital, but there are plenty of price catalysts that follow the PEA, to reprice the cost of that equity.
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