You can't compare PLS with AVZ. They are at different stages of development.
PLS is sitting in a sweet spot, they don't need the additional funding from Posco for Stage 2 as they will have some cash flow and a running mine. They are in a better bargaining position.
AVZ on the other hand is just starting out trying to prove a resource. They need the cash.
I think you'll find that most explorers will have to raise cash at a discount.
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