Ann: Results of General Meeting, page-48

250M option at 3c, that's the big overhang. Not the 125M trench 2 at 2c.

Best to work with fully diluted market cap, cause I think those 3c options will get converted and dumped in the market during the drill campaign.

Market cap is now fully diluted $52M. All the options converted means another $7.5M cash. Enough to drill a resource of ... this year? Fill in the number you think they will find. And what about tin and other stuff besides spodumene?

In the end it all comes down to your horizon. Everyone wants 10c or more in 2 months. That's not gonna happen with all those options at 3c. But in 6 months from now... Why not?