If $15m ends up being the project equity component of a...

If $15m ends up being the project equity component of a significant mining project, then that is an absolute bargain. Big picture, it doesn’t really matter whether such a small raise comes in at 46c or 76c. Even in this lower Li price environment, project economics are very strong.

Once phase one project finance is closed, this company goes from an unloved speculative outsider to a near-term production play. Once the market shrugs off its current lithium blues, low cost brine is going to replace high cost spodumene as the market darling and this stock is off and away.