My take of it is LRS does have a plan and it’s simple. With the...

My take of it is LRS does have a plan and it’s simple.

With the limited funds available for the next quarter they plan on drilling and getting the results I’m sure they already know they have as it’s not virgin ground and with those results get a JORC asap that combined with the results from the pilot plant results will give them enough evidence to take to their already in negotiations with companies for an off take or JV, which if the resources are good enough and can prove and deliver battery grade lithium and the mine has at least a 5yr life cycle just on the one let alone all the other holding we’ll get the funding right through to mining guaranteed.

Drilling
Positive drilling results
Positive results from pilot plant
JORC

Guaranteed off take with an international company for funding.

We need to tick the boxes and if we do we’re set.

Or as you said we hold the land and provide the results and lease to other companies along with the lithium processing technology.

Either way we’ll make money and the share goes up.

It’s the cheapest lithium company left on the ASX and LRS will have its day and for now it’s being sold down which is understandable if you like quick moving bang for you buck trades.

Each to their own, I’m holding as I’ve said till mid year to access and through to end of 2019.