drilling, page-22

Work wise just a keen investor in mineral space.

LTR does have insane potential I haven't seen anything like this since Earl grey popped up few years ago now.

I remember being very confused as to why the market took so long to pick up on that discovery initially it only jumped from 10cents to 30cents, took well over a year to go over a $1 and beyond.

I think LTR is suffering from similar situation the market hasn't taken notice yet, that combined with some bad timing in regards to the lithium market right now, this discovery hasn't had a whisker priced into it.

As for offtakes I think finding a deal even is very possible for any large Australian based lithium deposit, just look at some of the very recent deals.

Recent lithium deals

NMT buy out 13.8% for $104million.

Woodgina J/V $1.6billion for 50%.

GXY POSCO sale $396million.

PLS Stage 2 $100mill funding commitment from offtakers.

PLS down stream J/V funding of $80mill included.

KDR $150mill towards refinery.

Thats a total of $2.2billion worth of funding deals closed in past 6 months, there is money big money about, all that money spent in the past 6 months take just 1.5% of it to equal the current market cap.

Market might be this that and the other, but if LTR can come up with the goods 100Mt+ at Buldania, then at a $27mill Mcap it will be a hot property for offtakers wanting to secure a corner stone 20% stake $6million for 20%.

Or possibly a potential expansion play for A40/GXY/MIN/PLS, if the drill hits well it will make waves in any market.

Exciting times aheads, let the drill spin.