They are not drilling anything currently, where the majority of the spend is. They also raised approx $250k post the half year, so wouldn't appear any immediate pressing going concern issue like you suggest.
They also have interesting assets. A major copper prospect in the copper belt of the US where copper prices are soaring, where majors are mopping up any asset they can get.
A genuine quality defined graphite resource, where it is well documented major anode producers are looking to secure ex china resource.
They have options and also other interesting prospects so lets see where they are in a few months time.
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