Guys, there was always going to be some degree of dilution to attract funding. Same goes for all these speccies. FWL can now fast track the project, drill it out and complete the studies. This wasn't possible before today.
As some have pointed out, companys' MC's are greatly affected by the stage of development. FWL can now move through the final steps before construction/mining in a timely manner. The project at that stage will be worth hundreds of millions. FWL can decide at that point to sell there share, pay a special dividend perhaps and move on to new projects with a decent war chest in cash or alternatively, opt to seek funding for their half of the project. Personally, I prefer the former option.
The main thing is that the we can now make meaningful progress, rather than treading water. I'm expecting more announcements to this effect and more often. Feeling much better about this one now.
valuation, page-32
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