AUZ has a market cap under $300 million and needs to raise $500...

AUZ has a market cap under $300 million and needs to raise $500 mil to a $1 billion by Dec 31.

It will be equity, or debt.

This is called finance risk.

I believe they will do it; but one must expect pretty heavy dilution. The degree and price of "assistance"
from SKI is not known. The money AUZ is to receive for the option exercise is completely inadequate
for construction, and furthermore is tied to discounts on future production.

As I say, I believe the mine will be built. But holders need to ask themselves, How much am I going to suffer when the CR comes ?

There is a reason the market price of the stock has not achieved even the imputed price of the SKI option.

Why should the company be valued at more than $325 million, when SKI has not exercised ?

No question, SKI wants the cobalt AUZ is sitting on. They will get the cobalt if the mine is built.
But they have an option on it, they did not buy it. SKI got a great deal, Sconi is off the market.

AUZ still has to finance and build the mine, and they are on a deadline.