Been holding LCK for almost 12 months now and feeling pretty good about the future.
The thing that warrants more attention from today's announcement is the introduction of the 3P upgrade, in addition to the 2P upgrade. Not an energy expert but it seems that a 3P reserve status is a step above a 2C resource, with a 2P being another step above this.
My take on this commentary is that they will probably upgrade a significant portion of the resource (hopefully above 2,000, if not all of it) to a 3P reserve, with a smaller portion (hopefully 800+) to a 2P reserve.
This would surely be seen as good news, provided that they include more information around how to get the rest from 3P to 2P.
I should'nt wish my life away but, bring on the end of March!!
Peekay
LCK Price at posting:
22.3¢ Sentiment: Buy Disclosure: Held
