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Ann: Lac Rainy Graphite Project Fully Permitted for Drilling, page-46

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mb73

87 Posts.

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17/02/19

13:12

Post #: 37462397
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Originally posted by timmi ↑

thing is everyone is right in terms of what mls need yo get on doing and what theyve said, or not said. Drilling in "winter" which is any time before the end of march is a play on words rather than specifying a date. Its not very clear or transparent as to when these permits were issued. its still not clear what is the kick off date, although we now have lead times and some buffer for contingency.

really think this conversation needs to move forward.

what can we expect from an initial set of drilling results ?

is the expectation that we will have fully drilled this site by the end of the year ?

how long is the mou valid with this chinese company ?

at what point would we expect to kick off discussions for an offtake agreement ?

could this site be massive in terms of location to the us market and based on the for forecasted rise in demand for high quality graphite ?

alot of more positive things to discuss.

but yeah for me mls has used now 2/3 free passes and so they need to get on and deliver

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Forget any timeline forcasts from this management, they will not deliver.
The drill bit to turn now is critical. If holders are content to accept results at year end it would mean MLSO holders shares would be worthless likewise for holders of MLSOA in May 2020.

MLS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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