I was told by the director that they are trying to arrange a jv to prevent a cap raise and further dilution. With astute management also looking for opportunities in the hot lithium sector, current projects on hand and miniscule market cap I believe this is worth multiples. Company has low cash burn and money in the bank!
IMO DYOR.
OTB
Ann: Quarterly Activities Report and Cash Flow Report March 2016-TMX.AX, page-16
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