You don’t even absorb what’s written in that announcement. That $2m + $4m to be raised in same or similar terms are to be used for tenement applications. Exploration costs would come from off-take, which is to be finalised.
Also, it’s a great insult to Markoff’s intelligence that he would put his own $2m simply to pay RM and himself if he doesn’t see a positive future. As a director, his director fees would not exceed $70,000, or $100,000 per annum at best. Maths doesn’t add up here, mate.