On my numbers, the larger raise, while resulting in more shares also results in more revenue. Hence, the earnings per share are larger with the $70M.
I believe that the MYL team are very much determined to build an empire and that having the quicker ramp up to 1.2M tonnes per annum and more will be the money machine that allows additional projects to come into the fold. Personally, I'm happy either way.
On my numbers, the larger raise, while resulting in more shares...
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