I-B, that's pretty much the size of it, very succinct.I know...

I-B, that's pretty much the size of it, very succinct.

I know that some of the regulars here are dirty that the company did not retain full ownership of the lithium deposit but for Breaker to do justice to that deposit I suspect they would have had to have done an IGO flip and ceased being a goldie (personally if I had my druthers I would flipped the company into a lithium play - not many industries have a 20% compound annual growth rate over a full decade).

But accepting that the board wanted Breaker to remain a gold company, I think they delivered a very strong outcome. As it stands today the Breaker board has delivered undilutionary funds to progress their gold project. And the upside is that if either the deposit or Global Lithium itself grows wings in the next 6 months then any inorganic cap raising may not be essential.

Another comparison is that Ramelius just paid $181m for Apollo which has a smaller lower grade resource than Breaker.