What's the future look like for Heron post-raising

Here's what Heron looks like to me post raising:
2.4 billion shares on issue; $154 mill cash ($140 mill from raising; $14 mill currently).
At 7c per share, its market cap will be $168 mill, so enterprise value (ie value of Woodlawn) is $14 mill.
Woodlawn feasibility study had a post-tax NPV of $207 mill as a starter case, with upside from further resource expansion.
So shareholders will be getting a minimum $207 mill of value over time from a base of $16 mill - 13x upside.
Clearly the funders see the potential, or they wouldn't have committed.
No-one likes dilution, but the alternative for shareholders who don't like the deal is to vote against it and return the company to the drawing board with no clear future.
I know where my vote will be going.