I'm guessing the investment bank will need to raise dig ready...

I'm guessing the investment bank will need to raise dig ready capex quotes;
$US194M capital costs for the project (call it $US200M) plus lithium plant scenario ($50M?)
US$50M working capital plus mining start up costs
Plus fees etc.

All up probably looking at an entity coming into the ASX with US$250M raise ish ($324M).

Now what do existing Shareholders really need in the equity here to make it worth while?
something tells me approximately US$120-$150M so 30-50%... As mine progresses and cash comes in you would expect that initial investment to increase towards NPV values and get the market upside of lithium... So all of a sudden your holding in $120-$150M becomes part of $300M+...
With a major stake by a significant investment firm this could really take off.

Pretty awesome upside to be honest..