Ann: FYI Secures A$80M Funding, Delivers DFS & Upgrades Reserves, page-64

Great buying here!

Project significantly derisked.

The equity deal is ok by me. If we can do a small cap raise (or "unconventional method") for working capital while we achieve senior debt and offtaker, then our SP ought to be much higher. Hopefully we can reduce the need for the equity overall and also not draw down for the early phase of construction while SP is still low. This equity deal should help us gain credibility with creditors and customer-partners.

Still, the numbers are incredible. Lets assume we do dilute a lot and our cap table goes out to 500mil shares - more than double. That's still >17c EPS. PE of 12x is over $2 per share, or 37x our current SP.

Roly hasn't given me a reason to think he will fail yet. Just a matter of time. This will absolutely fly once this correction is done and people stop panicking about the Corona thing.