I think Utah Point @ I/O AUD200 would probably be cash flow...

I think Utah Point @ I/O AUD200 would probably be cash flow positive (I calculate first 66k shipment cost AUD207 per ton but that was mixed with mine development/initial one offs) however co needs to consider additionally capex at PE as surface detrital was mined moving to harder to access ore and ramp up etc all takes time & money. if AUD moved closer to 60c and I/O 150 there is more margin trucking to Utah Point. with ~1m cash at bank, you can roll the dice with another cap raise but it's just a short term solution. real game is Ashburton and LEL. Mgmt is focused bringin on lithium albeit slowly( hearing one drill rig struggles at depth) and graphite, macro isn't working in their favour. So we wait for Ashburton, market has punished SRK to 52 week lows as there is no timeline, funding uncertainty with LEL falling / cap raise possibility and looming $10m tranche loan repayments. flip side market cap $18m could be producing CY23 and maybe retaining some LEL exposure. my 2c anyway