I have total metal revenue in USD at current nickel price of $665m incl cobalt, excluding 4Mt upgrade and scandium
So 2yrs at 25% is $500m AUD at current nickel price
Everyone gets diluted. As have we to date.
My point is with the deal structure in place and DFS fully funded, additional dilution may not be necessary
Of course it may happen, but the way i see it we have leverage to ensure if it does, its very minimal
Pertinent market/industry news/articles, page-5695
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| ARL (ASX) Chart |