Significantly undervalued, CY20e EV/EBITDA of 1.2x, page-18

I don't agree with the credit raise being needed or likely, we just shipped $25million worth of product.

Our cash balance as of today would be sitting around $38million, with 27kt more wet tons of production this quarter if we hit guidance thats, a further $25million in dry product, if we sell 20kt of that which we should, we will have $58million by March 31st.

We have $51mill estimated going out, $7mill of that is for fines completion which will go on debt, that leaves us $44mill in out going $58mill in cash to cover it.

With $7mill in product and whatever Ta we manage to produce sth around $3mill.

If all goes to guidance $14mill cash with $10mill in receivables, thats not a situation that demands a 17cent credit raise.