Yep. Let's say raising 60 million at a generous 10c, another 600 million shares. Gives you roughly 850 million total SOI.
Market cap in production say 300 million or 35cps. 3.5x from here.
Tough road ahead I think unless graphite prices and sentiment properly roof. Mgmt going to need a rabbit out of the hat to get share price up and have a shot at financing it. Big partner coming on board with cash etc
Cant get my head around capex doubling. Yeah inflation is nuts, but 100% increase is way above expectation. Was scoping study capex just total bollocks? If not, then why bother adding the high grade ore if that is just going to blow out capex and payback and not be value positive. Something not adding up.
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Yep. Let's say raising 60 million at a generous 10c, another 600...
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