what logic, page-2

Right now for CMR there are three factors to ensure success regardless of SP

1) No requirement for additional capital for plant failures etc as placements or general availability of capital is a big no no

2) REVENUE ok some basic calculations comapring May prices to current

May cobalt 38 0.95 39.9
May Copper 4 0.95 4.2
Current cobalt 36.5 0.68 48.18
Current copper 2.6 0.68 3.432

meaning revenue from coper sales is down -18% and revenue from cobalt sales is up 21%. As cobalt is the majority of the revenue mix this results in a net increase in revenue.

3)Paying the C- notes in cash at these levels dilution becomes a big problem.

anyway i said i wouldnt top up until a change in trend but took a chunk at 0.34, h