The head shed were initially very excited about the Buldania tenement. While the initial program had some good results, it also came up dry in some areas. Given the aggressive ongoing exploration AND newly expanded tenement area, I believe management are still confident they're onto a winner and can add significantly to the (approxImately) 100mt of lithium that's already in the neighbourhood.
What does this mean for the company? Well we do already have a company defining resource at KV.
Will a mine sIzed deposit at Buldania be sold to neighbours who are already producing?
One thing to take to the bank; with a 21mt li resource at KV, another very promising tenement in the right part of town (Buldania), a proven vanadium plot and a healthy bank balance. LTR at a market cap of under 30 large can only be headed in one direction. The questions that remain are; when? How high? And how fast?
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1 | 60000 | 0.014 |
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