Neo Lithium Corp V.NLC

RE:Q3 = cash resources of $33,450,621

[LithiumNPV]

Eric35 wrote: For the three months ended September 30, 2019, the Companys net gain was $10,195,020 or $0.09 per basic share (loss of $2,801,715 or $0.02 for the three months ended September 30, 2018)......................................................................................................................For the nine months ended September 30, 2019, the Companys net gain was $2,785,766 or $0.02 per basic share (loss of $4,569,589 or $0.04 for the nine months ended September 30, 2018)......................................................................................................................LIQUIDITY AND CAPITAL RESOURCES As at September 30, 2019, the Company had cash resources of $33,450,621 and its net working capital was $30,367,909. The Company anticipates that these resources will be sufficient to meet its current obligations, currently planned operating costs and expenditures on its mineral properties over the next 18 months, which includes the final feasibility study. The priority is to use the funds in the development of the 3Q Project.......................................................................................................................................................................................................................Consolidated assets were $65,496,886 as at September 30, 2019

They are blowing $30 million/yr. By the end of 2020 they will go bankrupt. Tough business.