So I'm probably wrong but my rough calcs are 7.9B shares +...

So I'm probably wrong but my rough calcs are 7.9B shares + raise 3.3B shares ($20M @ 0.006) = 11B shares (for ease of calcs) so a fair bit of dilution. Current XTC MC $52M

LKE MC $1.4B (1.4B shares at about a dollar SP). so let's say XTC can get to 30% LKE in medium term is roughly $420M - so with 11B shares that'll be about a SP of $0.04 (4c). Bugger - maybe I shouldn't have done that calc lol

MC is the key but they'll prob consider a consolidation at some stage (or has that been flagged already?) - either way MC the key.

The market doesn't seem to value Southern Cross much in the equation but always a wild card To get to a circa $200M + valuation (MC) explorers seem to need at least a reasonable MRE (or high prospect of one which XTC appears to have a good prospect of at least)

If it kicks to 2c short term I'd be happy but it needs drills n assays hence why the $20M is critical to get through and past an MRE - so we might be a good 6 months out yet (IMO)