LIT 3.85% 2.7¢ lithium australia limited

Ann: Quarterly Activities Report March 2023, page-2

  1. sqe
    6,939 Posts.
    lightbulb Created with Sketch. 3626
    So even with dropping tenements (ie mining expenses) and dropping LieNa and SiLeach, and having the alleged cash cow of Enviroscream, this thing still burned $2.37M in cash for the qtr, or nearly $10M annualised.

    So they are getting revenue for sale of the dust, and getting revenue from the scheme, and have dropped most of the other business streams, and yet the company still spends $10M in cash annualised.

    Yikes.


 
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