Ann: Non-Renounceable Entitlement Issue, page-208

so if we work on 400 FD plus acquisition

one thing to consider, is that if the DD can show pegmatites,
(what are the three/five? known pegs in the green areas?) we might get a speculative price rise so that the number of shares issued, at a higher price, may limit dilution of acquisition.

then 500/550 FD x say 5-6c = 25-30m mc is the ball park of 4CE (33m mc)

Given that the phosphate projects add risk diversification outside the DRC.

While Looking at speculative rise for DRC re AVZ nearology, and sustainable diversification risk with phosphate Uganda.

I dont consider the DRC investment grade, but as with AVZ, a resource definition and flogg it off to the chinese may work.

(ie, i wouldnt hang around for the development period as too many things can go anarchy - while a shorter time frame to resource definition may work)