Recyclico Battery Materials Inc. (AMYZF)

[gharma]

Hi Value, thx for the clarification (and re-posted material, always into a good geological read).
I guess I was being too Aristotelian, the old law of the excluded middle, something either excludes or includes. I question whether warrant exercise could cover the rest (what is that 10% or 99%) of the cost, but a feasibility study is not cheap and as I last looked there are not that many options/warrants with near-term expiration, although there are a number in the money if someone really needed.
So not knowing how big of a "start" is in budget I in reading (hence remembering) err on the conservative. While on the topic, it looked like option/warrant overhang could be a pps depressor for some time, iirc a couple years, not a pps killer by any means, but not insignificant either.
Even with good deep penetrating mapping of paleosurfaces, one issue is that heavies, black sands, etc. seek the lowest points to accumulate. With that in mind I liked but discounted the wildcat findings. Encouraging, yes. Discouraging, maybe - all depends, it seems to me, on how the paleosurfaces can be understood over time to locate higher depressions imo.
But, that $7 million on hand and its coverage is good to hear.