i think you're cash burn rate is wrong but time will tell. Financing may take longer than expected in a market where all resource stocks are hit hard.
You're right about a CR if they don't close finance, but at what price is anyone's guess.
The fact still remains they have a world class tungsten project. I suspect the resource size is heavily undersized given iron duke etc still hasnt been drilled.
SEI Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
