Two negatives:
Jan production/revenue may be nothing to write home about.
Two months left before an estimated $56m cash outflow may eventuate.
Really hard to see them circumnavigating an injection of capital in the *near* future now - within two months IMO, pending perhaps a further Operational Update at the end of Feb and usual Investor Pres.
The price and to whom will be of note - JP Morgan? Maybe I'm missing something.
If they are able to, I'd prove up the mechanics of the entire project and attempt to stockpile for better days if possible, until a transparent REE pricing mechanism is created and prices improve - of course, they could continue to deteriorate.
quarterly, page-36
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