Firstly, lets get some information straight. Your comparing BCN a gold producer in Australia with INR a lithium producer in the US. To acquire financing those industries would have completely different stipulations so I don't see why you would cross compare. Also INR is funded right up to development of the plant. Most investors are already aware another CR is likely if not, taking on more debt. The debt is more likely to be the option the BoD take as they estimated a repayment timeframe of 3-4 years.
Also, the DFS clearly identified the viability of commercial production of lithium so I am not sure what your saying when you refer to it as "still not proven" that is a pretty poorly worded statement at best. The processing is done using conventional (generic) processes so its not anything ground breaking or anything new they are attempting...
The market for Boron is similar to that of Lithium in size. Demand is also set to grow over the next decade, with LIMITED quantities of Boron on earth. This being the 3rd largest known boron deposit sat only behind Turkish deposits and a large US Rio mine.
The BoD are experienced and have history in this industry and as I have said been there done that and got the t-shirt.
The location is A plus, with no government royalties to pay.
We will see where BGS sits in comparison with INR/GSC in 3/4 years. But I highly doubt BGS will be anywhere near as successful.
