LIT 27.8% 2.3¢ lithium australia limited

So whats the anticipated burn rate? If we use the half yearly as...

  1. 334 Posts.
    So whats the anticipated burn rate? If we use the half yearly as a basis, the $6M wont last long. Keep in mind the piloting that took place in Jan-Feb2017 will be another ~$1M plus LIT indicated there would be "follow-up pilot studies of Sileach on spodumene later in 2017". Not to mention CPC (an engineer) has been commissioned to design a 2,500tpa lithium carbonate plant due to be complete in April ($200,000). And lastly the TO bid ($400,000).

    https://lithium-au.com/wp-content/uploads/2017/02/1649738.pdf
    https://lithium-au.com/wp-content/uploads/2016/12/1627480.pdf
 
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