You are absolutely correct but in my mind changes nothing. Look at the cash burn for the last year, 5.5K. A lot of money to be spent on R&D for so far (in my understanding) unproven technology or incomplete. I'd prefer VMS used proven tech such as used by Core Lithium (sorry, can't recall the name and away from home)
And, if my information is correct, the holdings of the top 25 is not great. Should be interesting to see how the second raise goes, not underwritten.
The number of companies they are doing exploration for (interestingly one being part of CHN).
We shall see where this leads. But at least we get one freebie.
Ann: JV on Golden Grove North with SensOre, page-34
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