It sounds like REE is crossing all the t's and dotting all the...

It sounds like REE is crossing all the t's and dotting all the i's. Definitely and interesting proposition. But cash is King.

I'm not clear how they arrived at 2.3 in the screenshot below. The $703K positive included a one-off refund of $1.9M, which means outgoings were about $1.2M—$1.3M for the quarter. Of this, about $1M was spent on exploration, etc., and the rest was overhead. So, depending on their spending on exploration and evaluation, their cash could run out in July. However, given their impressive reduction in Admin costs, I'm sure this can be stretched further. (note: technically, it could be argued they could have left 8.7 blank).

Clearly, their next milestones—off-take and project approvals—will set the scene for capital needs. Ahead is definitely a very critical quarter! Let us hope it's a good one.