The Pak PROJECT (the deal with Mitsubishi) includes the Pak and the Spark deposits. The second and larger tranche of money from M will not depend on the stock price but by the value of the project as outlined in the DFS. That will incorporate redults from new drilling into the financial projections.
What should not be missed is that small resource companies generally cannot build mines in this capital starved environment for such companies. They just prove up a project and they are cherry picked and the lucky ones are bought out by big capital rich international mining companies.
What is different here is the Mitsubishi deal. That gives FL a path to building and operating a mine. They will they pay a big upfront price to increase their share of the JV. They are also committed to help secure any additional financing that might be necessary. This partnership makes FL the rare exception among microcap resource companies in having a credible path to building and operating a mine and becoming a producer. Trevor has been talking about that desired outcome for many year. Mitsubishi is the path to fulfill his dream and his vision of a Canadian company operating a lithium mine and the processing plants to produce spodumen concentrate and also chemical grade Lithium carbonate.