FYI, I just posted a couple of recent announcements about a new set of drilling results from a well (from today) and 12 month valuation of approximately $1.5 US or $1.9 Canadian (a few weeks old).
My rough order of magnitude estimate of the capital cost is that it will be in the tens of million dollars and not in the hundreds of millions, because they will not need to build a full plant. Obviously, we will need to wait for all the specific details of the construction and financing to obtain accurate costs. As you mentioned, it is not easy for small companies to obtain the funds. In fact, I think that the larger lithium companies and other big fish will start making it more difficult. As a result, many of the small companies will not survive. However, I am confident that the relatively small capital cost coupled with their partnership with Orocobre and indirectly with Toyota will help Advantage succeed in the long term.
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