#1NOWAsset Tokenization·Capital Markets Strategy·5X: Capital Value
Non-Dilutive Project Capital — Royalties, Streams & Tokenized Economic Rights
Operating cash burn is $9.9M a year against $7.4M of reported cash — about 0.8 years of runway. Funding 2 years of work entirely with equity at today's price would issue 10.2% new shares. Royalties, streams or compliant tokenized economic rights on defined project cash flows can replace part of that equity.
One-time value
$3.1M–$6.3M
SCENARIO
2.84%–5.87% dilution avoided × $107.9M market cap (one-time, per-share value)
Evidence that triggered it
- Operating cash flow (TTM)−$9.9M
- Cash & short-term investments$7.4M
- Cash runway0.8 yrs
- Market capitalization$107.9M
Assumptions (challenge these)
- Share of funding need met non-dilutively30.0%–60.0%ASSUMPTION
- Funding horizon2.0 yrsASSUMPTION
Score components
- Economic impact100
- Feasibility28
- Time to value70
- Capital efficiency31
- Strategic fit95
- Evidence strength100
- Capital required
- $12.3M
- Time to value
- 9 months
- Execution complexity
- High
- Regulatory complexity
- High
Blockers & dependencies
- Securities, mining-royalty and project-level legal review; ounces in the ground are not monetizable value until defined economic rights exist.
HUMAN APPROVAL GATE
DRAFTActivation is locked until this pathway is reviewed and approved.