Pertinent market/industry news/articles, page-5693

Thanks for reply, I realised I made a fundamental error in my calcs, and calculated debt figure on 100% basis, updated figures below, apologies.
I'm also not quite following you on the $600m figure? 25% of 2 years of revenue is $200m (800*0.5*2*0.25).
Regardless, I've included the prepay in the calcs below. Gets us a $6.48 SP.

Also the Nickel price in the PFS was $25k, this is ~38% above where it as at now, $18,052 per LME. I think it is an appropriate price long term as I can't see NCA/NCM batteries going by the way side, and I expect respective demand. My analysis gives a CF multiple of 6.86, pretty reasonable imo.
I cannot think of a pre-revenue mining company that has gone PFS-DFS-FID-Financing with out dilution, if there is one please let me know.