According to the most recent quarterly report, they still hold 19 million FBM shares. FBM announced very good results yesterday, so when the lithium market recovers, FBM share price will likely rise quickly, allowing LSR to sell those shares and fund the next drilling program. Even at the current FBM price, LSR has approximately $1 million. With the current balance of $0.6 million ( total $1.6 million minimum) and the cost-effective management team, I believe the company is in decent shape for the next drilling program.
According to the most recent quarterly report, they still hold...
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