Just a few small bumps along a successful path. No big deal. From this quote below, what do they mean by energy content? I know that LCK achieved 7 times the desired flow rates. What do you think these two factors(energy content and flow rates) say about their resource and a potential sufficient amount of reserves? Could these results be a clue that a reserve upgrade will indicate a good number? Perhaps Monash investors have done their own analysis but wish there was further explanation.
"We expect a jump in share price from here, when a substantial proportion of its 2C resources get upgraded to 2P, and we are optimistic that they will given the energy content and flow rates reported" and
LCK Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held