Ron mentioned in the latest presentation that the majority of the CAPEX will be funded by customer pre-pays to the value of 100-150M USD per party.
If that eventuates then that would remove the dilution worries of investors
Further, he has mentioned they can potentially improve the strip ratio and also double the mine life with the upcoming DFS.
The main risk here is the lithium spot price.
Also: MIN just purchased about 20% of ESS
Ann: Resource Connect Asia - Company Presentation, page-14
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26.0¢ |
Change
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Mkt cap ! $67.66M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31634 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 7712 | 3 |
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| GL1 (ASX) Chart |