I thought it maybe good to get everyone's input on expectations...

I thought it maybe good to get everyone's input on expectations on Joint Venture outcome.

This is what I know. Talga needs about 500 Million funding for the project. And need the mining permit from LKAB(Sweden), but from my understanding Talga only needs to raise about 160 Million now. Please correct me if I'm wrong here.

From my understanding with a Capital Raise the price is usually a 20% discount to current share price. So if the SP goes up again to lets say $2.10. Then a 20% discount would be $1.68 for the Capital Raise. Please correct me if I'm wrong here.

From my understanding Mitsui will provide the financial part of the Joint Venture and LKAB will provide mining expertise and resource permits, being that LKAB is 100% Swedish government owned. Please correct me if I'm wrong here.

So if Mitsui will capital raise 168 Million for 100 Million newly issued shares for $1.68. Given Talga currently have 300 Million shares on issue. That would essentially give Mitsui a 21% share of the company. Please correct me if I'm wrong here.

With LKAB having the mining expertise and the resource permits, being the Swedish government. How much of Talga shares do you think will need to be issued for LKAB?
Lets say for example we give LKAB, 75 million of newly issued shares, that would mean LKAB would hold 16% share of the company. Please correct me if I'm wrong here.

IF all the above comes true, and IF the share price eventually goes down to the capital raise price of $1.68. With total shares on Issue of 475 Million shares. Talga new market cap will be (475M * $1.68) = 798 Million, without share price moment, before binding off take agreement.

Lets say share price holds $2.10 and don't go back to CR price. Then market cap would be (475M * $2.10) = 997.5 Million, before binding off take agreement. Please correct me if I'm wrong here.

Other natural graphite AAM plays Market Cap:
Nouveau Monde Graphite 672 Million.
Syrah Resources 633 Million.
(If you know of others please share)

Hoping to get everyone's constructive input here and to learn something new. Thank you