As you said you were using the fully diluted share register, so its about 2.7B shares at the moment. If SKI buy 19.9% at 12 cents then it will be approx 3.3B shares.
As far as the supply and demand scenario, the electric vehicle and battery storage revolution is happening now and with countries banning new ICE vehicles completely in only a couple of years from now, puts an enormous amount of pressure on new supplies to come on line. We are not just talking about Cobalt but more importantly Nickel and that is what Sconi is about. It is a predominately Nickel mine with Cobalt as well.
As far as using techniques that aren't proven yet, HPAL has been used for more than 60 years. Its 5th generation which means there has been many improvements made over the years. In fact Australian Mines built a demonstration plant to prove the flow process and to produce battery grade cobalt and nickel sulphate for SKI to use in their batteries without any further refining needed. This proven flow process will be used in the BFS to help secure funding.
I am not cross promoting just correcting some inaccuracies. GLTAH
