Hi mahrasso Many thanks for that translation, and for the...

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jefferies2

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09/11/18

08:00

Post #: 36442289
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Originally posted by mahrasso ↑

Originally posted by jefferies2
Hi rdncoic,

After all your insulting and patronising spiel (you see, I do know some German) I still don't know why EUR let JDR secure the leases around the mine in Austria.

Stefan speaks a bit too fast for me to follow what he is saying.

So in a nutshell, and if you have the time and inclination, do us a favour by telling us what Stefan is saying about why EUR did not secure those areas?

By the way, if you make a pass at me, because you assume I am female, then you are in for a surprise.
Hi Jefferies,

I'm a native german and he said they've been asked this question by others before and did actually not comment on it other than saying that it is normal that other explorers usually stake tenements near known deposits.
He did comment on the planned listing on the austrian stockexchange and that the simple reason is, that europe funds can't add australian stocks to their protfolio. The stock will be tradable on both exchanges but the austrian listing will give it visibility to the european market.
He also mentioned that they expect some 20 to 25 million tons of lithium bearing material at the deposit and expect a minelife of about 25 years. The NPV of A$ 441.9 million in the presentation was based on the measured and indicated resource of 6.3 million tons at 1.17% LiO2

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Hi mahrasso

Many thanks for that translation, and for the refreshingly courteous manner of your reply.

So Stefan Müller gave no specific reason why EUR did not take those tenements, but let them be taken by Jadar Lithium (JDR) - a company in which Stefan Müller's company DGWA also has an interest.

https://www.irw-press.com/en/news/j...vestor-relations_42438.html?isin=AU000000JDR2

EUR Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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Hi mahrasso Many thanks for that translation, and for the...

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