Maybe I can help.
This is essentially where the team delineated the strategy. Well namely where they expected to allocate funding. Raise 10% of MC is right where you want to be. Less and it doesn't give a good balance sheet, more and it's ultra dilutive.
IMV they'll use this round of funding as prescribed below on projects where they already have a more intimate knowledge of ready targets.
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The Lithium tenement application highlighted Post #:56898428 and Post #:56904207 Post #:56582879 are more likely to come under assessment next time around.
As in 6-12months from now post this initial expenditure on the other projects inclusive of drilling they can also perform low cost assessment of the lithium tenements over next 6 months.
From there I imagine CDT is hopefully trading at a larger premium based on the opportunity of the projects and ideally some exploration success in the next 6 months. You're then talking ideally about a 30-50M MC company looking to raise 5-7M for it's next round of development. (Likely including what appears to be the at surface pegmatites.)
Just my view.
Also recommend watching this. I did other the last few days and made notes/investigation from there also.
Hope that help to affirm what their direction is. If still concerned give the team a call.
Here it straight from the horses mouths - It's always part of my DD.
SF2TH
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