WR1 General Discussion, page-25077

What kind of ignorant statement is that? You clearly seem to think that's the only metric to evaluate a company on.
With your argument every explorer is worthless. PMET worthless. Its such a resource nothing more nothing less.

Half of the tech companies in the US are pre profit and are worth billions in MC. Evaluations are given on potential future earnings.
People are buying a company with a large resource because once its mined it turns into actual money.

Honestly how do you DD when your maths is so poor. Oct 2023 cash balance 69m. Lets just say we take the top end of your costs at 10mil per quarter.
Count it down we me.
Q4 - 59MC
Q1 - 49MC
Q2 - 39MC

You're 30% off with your lose 30mill. 39mill in the tank, is another year of funding from the end of June this year.
And if we took the lower tier of your suggestion at 7m, well 69mil/7 = nearly 10 quarters. Over two years away.

No doubt we will need to raise at some stage in the next 18 months. But something tells me at some point there will be another pump in the Li space and CE will raise then. Just like all the other times he's raised at a premium to where we are now.