"IM was also told to keep its ear to the ground as Energizer gears up to announcing potential strategic partners and off-take arrangements."
I'm not sure which news is better: the above, or the road to be completed by the end of the year within 30 km of our site (with the added bonus of reduced transport time and costs).
Hopefully this saves us from or reduces any additional dilution. By means of comparison (and these are NOT fully diluted shares outstanding):
ENZR: 266.1M (~340M fully diluted not including the Molo deal) Syrah: 162.5M Focus: 107.1M Mason: 68.1M Northern Graphite: 49.1M Flinders: 46.2M
The point is that the others will likely (hopefully) have to issue more shares to build the infrastructure to access their sites. That would help bring the four alarm paper fire back into line with the rest...by means of the others having to issue paper.
Only one or two of the above have a BFS. I think one has the money already to do it.
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