Funding , funding , funding .... this is the only hurdle left....

Funding , funding , funding .... this is the only hurdle left. Everything else ticked off. So why are people selling ? Do they think there will be a CR ? Doubt it will be a public one . $140 million required, so lets say at worst case 700 million shares issued to OT Partner for funds and nearly 50% stake in business. Means approx. 1.6 billion shares on registry.

Do the sums, 10,ooo tpa min at approx. $6000 net profit per tonne ( taking in account all costs , taxes etc etc , and I think I m being conservative here) equates to $60 mill per year profit.... NET OR 0.0375 per share. Allow multiple of 15 gives us a share price of around 0.56.

Resource size can be increased, and that was inferred to me by JZ in an email. If you also have a large company as OT partner and you can manufacture LCE to their specification then don't think for second they will not also push to increase capacity of resource to meet their requirements if need be.