The edison valuation is only an illustrative figure given before...

The edison valuation is only an illustrative figure given before volt released their stage 1 FS. They have yet to give an updated valuation taking into account the FS results. From what I gather, the ML is the precurser to getting the bond funding, which is the precurser to signing off the remaining offtake agreements for stage 1. I'm personally not expecting a large re-rate should the above three-mentioned come through (I would roughly guesstimate around 5c (DYOR). Another stock in the minerals sands sector got $50million debt funding come through, offtakes signed and infrastructure is nearly built ready for first production and its share price has barely budged amongst all that. The proof will ultimately be in the pudding when $$$ starts rolling in