So whats the anticipated burn rate? If we use the half yearly as a basis, the $6M wont last long. Keep in mind the piloting that took place in Jan-Feb2017 will be another ~$1M plus LIT indicated there would be "follow-up pilot studies of Sileach on spodumene later in 2017". Not to mention CPC (an engineer) has been commissioned to design a 2,500tpa lithium carbonate plant due to be complete in April ($200,000). And lastly the TO bid ($400,000).
https://lithium-au.com/wp-content/uploads/2017/02/1649738.pdf
https://lithium-au.com/wp-content/uploads/2016/12/1627480.pdf
Ann: Half Year Accounts, page-4
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Mkt cap ! $24.97M | |||
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