Are we in trouble?, page-7

I think most if not all of the junior miners are in a tough space atm, contract prices are just to low (Chinese markets), even for "high" quality >6% lithium con`, hence an offtake agreement with SK or Jap` could suit us a bit better.
This situation presents challenges to try and lower production costs (high strip ratios don`t help) and to try and increase production significantly, and payoff debt.
On reducing production costs: If I can recall (tried unsuccessfully to find graph/image depicting drill results on the starter pit) our strike zone was a horizontal vein declining and not to shallow, which imo means we may never have the cheapest production rate overall.
On increasing production: Plant upgrades to be completed 3rd Q 2019
On debt repayment: We fortunately dont have as much debt as others and also being granted the extension of prepayment to Burwil, however the $40 Mill debt facility from Tribeca incurs a high interest rate (anybody confirm what the interest rate is? Is it not 12%).

IMO, we can be patient and wait it out till 2020  or we can sell, take the knock and try to invest ourselves into 100% profit within 18-24 months to break even!

Expect the best but be prepared for the worst. GLTAH