LTR

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84.5¢ liontown resources limited

I believe because KV is ahead already theyll continue there...

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Steve98

4,353 Posts.

534

29/01/19

13:26

Post #: 37251167
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Originally posted by Henry Walton ↑

Fair points the scoping study feels in a word rushed.

Why was it done prior to optimizing the met work, a scoping study based on of sub 6% concentrate is no good, we saw BGS release a PFS sub 6% when lithium was still doing ok sentiment wise and the market didn't approve then it's unlikely to approve now, met work should have been buttoned up prior to this.

Also doing the scoping study prior to a full drill out seems unwise those extra years of mine life into the calculations do make a big difference end of the day, 20Mt vs 35Mt is significant.

Hindsight is a hell of a thing especially with the other bigger better look discovery in their pocket.

Whatever the case LTR has caught my eye for Buldania not KV, sure it has some value at some point, but Buldania looks far superior to me in terms of.

Deposit size
Location
Deposit style - depth/width
Met work?? - likely

I think the buldania deposit should be the focus for the company from here on in, finish the met work optimization prove 6%, then put KV on the backburner if anyone wants to look at it, make an offer they can tell enough from whats been done already.

I often see talk about once the PFS comes out deals will fly I have never seen anything happen after a PFS cones out, besides share prices get smashed, if someone wants to deal with KV they will deal right now.

The focus has to be go in drill out Anna and the other prospects, shoot for the stars 100Mt+ potential thats the play, thats the kind of project that will get attention.

I like taking shots if it's there it's there if it's not, if thats the way they move from here, I can see myself investing here in a big way, if they choose to put available funds/efforts into a KV 2020 PFS, then I think it's a shame.

Expand

I believe because KV is ahead already theyll continue there whilst going with Buldania and we'll see how that progresses.

Offtake Talks have commenced which was also stated in the annc.

Anyway i hope LTR does well Ill be holding to my parcel and see how this plays out... Would hate to sell and this turns out as big as i think it could potentially be.

My opinion only. Not financial advice.

LTR Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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Last 84.5¢		Change -0.010(1.17%)		Mkt cap ! $1.612B

Open	High	Low	Value	Volume
85.0¢	86.5¢	83.5¢	$5.151M	6.083M

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No.	Vol.	Price($)
2	23487	84.5¢

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Price($)	Vol.	No.
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I believe because KV is ahead already theyll continue there...

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I believe because KV is ahead already theyll continue there...

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