"Only 220M shares on issue now. This will increase."And the 64...

"Only 220M shares on issue now. This will increase."

And the 64 dollar question is by how much?

This 1st raising , which doesn't cover the purchase price , let alone running costs of the company and possible capital investment , will go close to doubling the number of shares on issue.
So where to from there.
External debt funding would seem a hard ask , so hard to avoid another raising after that . Hopefully at a higher level than the likely 8 to 10c that this 1st one likely to go at. [ my bet , for what its worth, is 1 for 1 at 8c]

I would say a buck a share possible , but unlikely.
Perfectly happy to be proven wrong in the long term obviously.
And if I am proven wrong , it wont be off the back of sop earnings out of WA , but from licensing fees from the technology used overseas.

cheers