Best they consider a JV partner.Since Energizer has brought the property to its present stage, the JV partner - or partners - should pay the entire CAPEX to place the project into the initial annual production of 53,017 tonne. When in production Energizer and the JV partner would share the OPEX based on the agreed upon JV interest. In addition, Energizer would be the prime JV partner with DRA the mine operator. Later CAPEX for production increases and their OPEX would be based on the agreed upon JV interest. If the project does well relative to earnings, a reverse split by Energizer could be advantageous to its future growth and financing - be the financing be by bank loan, new shares or both.