The quarterly implies they only expect to have a cap raise regarding the lithium acquisition in the future and expect to be cash positive this quarter. The market cap is only 7 mil with low SOI so a cap raise would be expected to fund the lithium exploration.
The prospects this company has are amazing and undervalued IMO, look at the positions they are in, they have employed a geology manager/ geologists to explore with drilling expected in April, so looks like they are fast tracking the project
look at BNR with a market cap of 36million and in the same position as us now, I would say we have better tenements
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