Ann: Landmark Agreement with Jujuy Province confirms tenure, page-35

G’day SnooperNZ. Thanks for your reply and clarifying what I couldn’t understand.
I am an optimist and eager to get into LKE, but, from past experience, I am trying to satisfy myself on a few issues, but, am starting with what I believe to be the positives.

I 'm glad to agree with you that the market is definitely factoring in Steve’s CV into the current Market Cap. I’m happy to go along with that, seeing his 6 years experience in South America with those large companies you would think would give him quite an inside into the workings of those governments and being a Geologist, their geology. Accepting his point that they took out their leases “before the boom” IMO, reinforces those thoughts.
If correct, one could very easily say that he “knew” where to look and what to get!!!

I also like that they will be deriving essential, (very cheap) cash to support their drilling for this year with the exercise of all of those options, albeit creating some dilution, but, far better than loans, placements and CRs.

The second drill will also expedite results, which, IMO, is all that is holding this back from “doing anything” price wise. One can only guess, IF others agree about the strategic advantage of LKE’s locations, who knows who and how many are watching every step that LKE and its neighbours make!!

Jujuy could be the “company maker” but with all the regulations and negotiations that must now follow before drilling can commence, we are probably 3 months away from putting holes in that area, but, watch out when they do!!
So, apart from matters outside of their control, currently the wide fluctuations in the market generally, I reckon that the next 6-12 months should be a fairly “safe” period for a bit of a dabble.