The cash won’t last long at that burn rate. I think the project is simply too ambitious without state level funding, the IRR is below investment grade (18% is basically the lowest you’ll get funding for) and the country has huge risks attached.
Unless DFS improves the economics, I don’t see how it’ll get up, and considering they haven’t included other capex costs it just seems that isn’t likely.
It seems basically like Nemaska but with a worse asset even.
