I cant see a further capital raising being a problem. Given the...

I cant see a further capital raising being a problem. Given the relatively very low capex, devt funding would be an obvious choice and one that would be paid off in a couple of years. Also, between now and then we have a resource upgrade and DFS to significantly boost the SP. To be honest I think a CR wouldnt be that bad if it occurred. Look at the last one. They capital raised at 3.5 cents. The share price dropped from memory from about 5 cents down to 3.5 and is now trading at nearly 6. Those that bought in at the time have made a tremendous gain. Personally, I used the opportunity to take my allocation and then double my holdings at the lower price- all under 4 cents. Either way I agree with your assessment of 1 15-20 cent outlook. Energia is now coming onto peoples radar. Look at trading volumes in recent weeks. When the price has dropped it has been a last second tiny small trade (yesterday for example).