Hello. ESR has 1,759,371,187 shares on issue. All other...

Hello. ESR has 1,759,371,187 shares on issue. All other securities are well out of the money. The acquisition of these manganese tenements in Timor on 4 December 2023 has done relatively nothing for the ESR share price. At 70% ownership and 0.5 cent share price, the market cap equates to $12,566,942 (on a 100% ownership basis). Since the market has not responded to this project, I cannot imagine the market cap being worth $15 million. If ESR must raise $2.5M, I guess/speculate this would most likely be done at 0.3 cents. This would make the market cap $10M and the EV $7.5M.