RE: $2.50 per sharelongsidebet, the financing you have proposed may happen (esp for the purpose of inviting a new strategic investor into the fold), however, it might not be necessary if the 26 million warrants at a weighted average exercise price of 72.6 cents are exercised for gross proceeds of $18.9 million.
> Holes 9-19 from the Discovery Zone in the Southwest Corner of FED's Danakil Potash Project pending.
> Results from core sampling extended to cover the upper portion of the potash bearing horizon for Holes 5, 6, and 8 from the Discovery Zone in the Southwest Corner of FED's Danakil Potash Project pending.
> Holes 20-29 from the Discovery Zone in the Southwest Corner of FED's Danakil Potash Project to be drilled/completed/finished in January.
> FED expects to issue a new 43-101 resource estimate in the early part of Q1-2012 (eta late January to mid-February)
> Drilling campaign on FED's shallow Colluli target area is expected to commence in February 2012.
From the May 2011 Corporate Comparables Sheet > PAGE 2:
https://ethiopianpotash.com/EP_Comp_Sheet.pdf
Re: top row in the table
Financed through Feasibility without dilution > Answer: YES (warrants)