I have been VERY tempted to buy more, but I have identified an...

I have been VERY tempted to buy more, but I have identified an opportunity with another company, and they have an announcement imminent, so I am invested there.

If that comes through as I expect, I will be allocating a portion of those funds to the upcoming raise here.

Thinking about the upcoming raise, Paul mentioned 3 possible amounts / scenarios in the Crux Investor video, and here is what those amounts would do to the shares on issue (SOI) if the raise is done at different amounts.

Obviously $1.5m at $50c would be preferred, but I think it will likely be $3m @ $0.40c.

I think the 2 biggest things to underpin the share price would be:
- 10Mt (or more) of DSO,
- the updated scoping study pointing to very strong numbers

The iron ore price remaining above $110/t and a few other things fall into place the share price could easily justify a $0.48c share price / $34m market cap.

Anyone else have a perspective on how much and at what price?