The biggest problem is that PIO NEVER got the 10s of millions cash touted by the pollucite fan club.
Then the reduction in volume and sales revenue because the measurement estimate was wrong.
Add the sales contract with Cabots which appears to have left PIO with all the default and renege risk (Sinome aren't taking the low grade ore or maybe they will at some super discount rate).
Then look at the cash burn rate for non exploration costs.
April and the tin will need to be rattled again got to feed those starving brokers somehow!
Guess just X everything you can and hope the spod is more than just another spruik
Ann: Dome North - 2nd lithium drilling programme starts, page-5
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