Ash, it is significant dilution, but it comes with an income stream too. As soon as we get the refinery up and running the cobalt from the US should be coming through it, generating income. With an income stream we might not have to face any further dilution in the future to pay for the costs of setting up an open pit operation in Cobalt. Finance is easier to come by when you have an income stream if it won't quite cover pressing requirements for capital. What are your thoughts on how that might help the share price in 1 to 2 years?
FCC Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
