Thanks for your thoughts.
Funding seems a bit of an issue. 1.6B SOI. They raised in aug, and based on 4Q2022 burn rate, they're halfway through that already and will need to raise again in Q1.
Mine capex is currently estimated at ~$200M, so over 3x current MC.
The resource looks pretty interesting, but does it not look like a frightening amount of dilution is to be expected? Market conditions are partly to blame for the low share price, which makes the raises so much more painful, but still.
Do you think they progress to a mine, or sell it once it is a bit more proven out? Is it large enough to interest a well funded buyer?
Thanks for your thoughts.Funding seems a bit of an issue. 1.6B...
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Mkt cap ! $56.80M | |||
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