Yep, that is correct. $5.252mil in the bank as of 30th of June, going off their last quarter with a cash burn of $1.446mil that leaves them with 3.6 Quarters. Given they have now stepped up their exploration again due to the recent fires this quarter and will have up to 3 Helicopters and 16 personnel exploring Trieste alone, not including any other projects they've got going atm. I can see the cash burn rate increasing as we all know its not cheap. But, LLI is at an advantage imo as the share price is around the 50c range, which is excellent for holders as that means less dilution compared to if the SP was 10c for example.
As some have said above very early days and I agree just to early for me to be buying in.
GLTAH
Ann: Spodumene Pegmatites Discovered at Trieste Lithium Project, page-12
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13.5¢ |
Change
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Mkt cap ! $12.51M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 15.0¢ | 13.0¢ | $20.66K | 155.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10116 | 13.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 12688 | 1 |
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