Ann: December 2016 Quarterly Reports, page-5

Judging by the Quarterly, at the current burn rate - they have just enough cash left to get through this year.

Given the amount of time it has taken so far to secure offtakes and financing, it is quite possible they will still be negotiating them as we enter the festive season....just as the cash runs out.

Also given Tremont vetoed the customary 10% placement facility, it may become interesting as to where the next lot of working capital will come from as we approach this years AGM. It couldn't be better timing for the potential crossing of the storm clouds......