The cash burn is just under 1 million this quarter, it was reduced significantly by the (fire) sale of assets. Good that they are concentrating on core assets and selling off the rats and mice.
The interesting point is around the payment plan on Marampa and the recovery of debt from Timis - seems like they have not written this off completely and are at least making a showing of recovering the 20 millions given to him. (Given that IO price is currently $60+USD and above the price when it shutdown)
The lithium assets are going to be worth something - my finger in the air puts the lithium holding value at between $20M - $30M or around $0.04 per share.
CFE Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
