Yeh the cash position could be a concern considering they're...

Yeh the cash position could be a concern considering they're burning $1m/qtr and have $2m, however they are funding $1m in a drill for equity deal, drilling should be about ~2/3 of qtrly costs. They should use up that equity drill within about 2 quarters (napkin math haven't looked through the details), so should have about $1m in cash in 2 quarters time.

This also does not account realising the value of lithium which they could get some $$$ for and a JV, could also have some very nice near term catalysts. Assays will come back with some pretty high grade based off the visuals, 2-3%+ and some small areas in the 4-5%+ possibly. Drills for Ayshia and Yannery to come aswell, I think the stock has some nice catalysts that could appreciate the SP. When they do have to raise again in future, they may be able to do at a nicer SP and not be too dilutive. Growing out a VMS deposit at ATH copper prices is a good position to be in IMO.