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27.5¢ latin resources limited

Agree they thought they were being clever purchasing it right...

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Drac

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05/04/24

10:57

Post #: 73202943
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Originally posted by dawgfather: ↑

An image from the Ionic ANN. The pegs in the Oeste area could add a small amount to our JORC, but the real benefit in having access to that area is two-fold:

- The ability to gain access at depth to pegs which originate in our Colina tenement and dip to the east under the tenement boundary and into Ionic's area; and
- Efficiency with the design of the pit wall

Overall, I think Ionic is pushing poo up a hill because:

- How are they going to design a mine right along side ours
- How are they going to make 8MT @ 0.97% economic
- Underground + open pit?
- If the plant is going to be located 100km away down at their Bandeira property, what is the cost of trucking ore this far (on what is already an uneconomic deposit).

They paid ~$20m for this tenement so they're probably now having to press ahead to try and justify the initial acquisition of the land.

Best strategy will be to wait them out until they're ready to sell for a cheap number (but even if they don't - Colina looks great on it's own).

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Agree they thought they were being clever purchasing it right next to our deposit for 20 mill - guess nearology doesn't always play out. Hoping they sell it to us for dirt cheap price.

LRS Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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Last 27.5¢		Change 0.010(3.77%)		Mkt cap ! $735.8M

Open	High	Low	Value	Volume
26.5¢	27.8¢	26.0¢	$1.822M	6.734M

Buyers (Bids)

No.	Vol.	Price($)
19	806837	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	7617940	40

View Market Depth

No.	Vol.	Price($)
21	808272	0.275
17	563280	0.270
14	411109	0.265
13	359355	0.260
14	253625	0.255

Price($)	Vol.	No.
0.280	7643550	43
0.285	347175	13
0.290	618403	10
0.295	929882	8
0.300	1380168	27

Last trade - 11.47am 22/05/2024 (20 minute delay)


Last 27.5¢			Change 0.010 ( 5.73 %)
Open	High		Low	Volume
26.0¢	27.8¢		26.0¢	2290487
Last updated 12.04pm 22/05/2024 ?

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