surfdown, many costs for drilling from the previous quarter would have been paid last quarter. That should now no longer need to be the case. You are correct that there does seem to be a running 500k quarterly operating cost although I suspect this can be decreased substantially if there is little activity taking place. A Cap raise is by no means certain. It comes down to the industry offers. I suspect we may not know them for a month or two. Assuming Solaroz was sold in it entirety I really do not know how much it would go for. $20 mil, 50 mil, 100 mil? Injecting that into their graphite project may not be so bad either. Graphite seems to have a better long term forecast with most analysts than Lithium at the moment. The benefit for holders would be a significantly, maybe even massively increased SP.
LEL Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
