RE:RE:Cash Burn Rate?Thanks apapas, so we are probably looking at raising another 20-30 Mio.
With a big-name mining partner putting the money in, dilution would still be under control, assuming the increase in investor interest will result in a much much higher share price.
I'm bringing up BHP again, as they are so committed to growing their Nickel portfolio. Mike Henry (their CEO) said something a few months back (youtube 'BHP Shareholder Q&A') very interesting regarding their investment strategy for Lithium and other battery metals:
"We believe Nickel is the most attractive commodity of the commodities for battery production... We don't have investments in the other battery metals and that's by choice.... When we look at these metals, we look at overall market size, the long-term demand dynamics, and whether there are assets of sufficient scale that can generate strong margins. And the only one that meets that intersect of scale and margin potential.... is NICKEL. So that's been the focus of growth for us."
This was while the Noront offer was still being discussed.