RE:Recent News1. They have shallow wells at Climax ready to produce. Cannot afford second purifier.
2. They have exciting but unproven Narare discovery. They have fracked and tested 100 feet of a vertical well. They cannot afford to drill, frack and test a long horizontal at Nazare. (If that was positive they could not produce it without a bigger &100 million processing plant that they cannot afford.).
If they get revenues from steveville and get a share increase and then do some raises - they could actually solve those problems and the company could get take-off.
But why are you talking about a lithium brine operation where the technology is unproven and where capital costs would be a billion dollars. Lithium brine is NOT worth ten seconds of RHC time. It is a mirage. It is nothing they could accomplish - producing helium and growing that production might be something they can accomplish.