I'm about halfway between your position and a more optimistic one. If they can prove up a bigger resource, I think in this copper macro they will easily find investors. This is the lowest ASX listed capex for a copper project apart from whim creek (which has its own issues) if I am correct. My analysis on this is a few months old so happy to be corrected.
But in the meantime, the resource needs to be expanded and while I'm confident that will happen with time I share your concerns about being diluted between then and now.
I'm about halfway between your position and a more optimistic...
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