$30m is the minimum required to get out and off the ground within the next 12months.
This has always been a long term play on zinc and short on lithium/cobalt depending on drill results.
more than $30m will speed up DSO timelines and $100-200m will get to refining stages within 12months.
The starting capital required in the face of a 20 year mine life profits is negligible, the market just has to commit and they'll be guaranteed crazy profits over the next 20 years, a big plus for instos.
$30m is the minimum required to get out and off the ground...
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