4.1c & 5c from memory are the strike prices. Expiry will be listed on the last quarterly report. About 150m soi or so from memory when both are converted netting 7-8m for company coffers. most of it was given for the $75m draw down facility.
doesn’t change much with potential growth on sp when they deliver on production 6-8 months post finance signed. At 5c I’ll be surprised if most aren’t already in the green, while we’ll obv get lots of short term trading & some sell as soon as lil positive, most investors would wait for company mcap to get to it’s pre tax NPV at least. Keen to see the revised figure. 10.5c is just $235m mcap, seen lots of lithium explores at 2-3x that without even a resource & years before any revenue is generated. West wits, if things go well, expecting first batch of ore delivered in qtr 1 next yr.
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