Hello. Thank you for that. However, they have to do a feasibility study and the investor can exercise the option up to 90 days after the feasibility study. So there is a lot of work to do (at least drilling & finding a deposit) to at least ship the 20,000 tonnes (they don't need a feasibility study to dig & ship 250 trucks of ore). I cannot picture the investor topping up at 2 cents therefore ESR still need to raise capital to get started. As I posted, today's $350,000 won't last long.
ESR Price at posting:
0.6¢ Sentiment: None Disclosure: Held
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