BSM has a 40% margin?
"For the quarter ended 30 September 2020, the Company had net cash outflows
of $153k in exploration and evaluation activities, $430k in development
activities, $130k in production activities (against receipts for sale of graphite
concentrates of $183k)..."
Hard to understand why management is looking for more resources instead of revving up production.
At current pace, it will not be too long before another capital raise and its inevitable dilution.
Ann: Quarterly Activities Report, page-2
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