KV alone has the potential to take Ltr to no.5. The uplift to 52mt overall target was Ann on 29 April
https://www.resourcesrisingstars.co...ht-take-total-resources-over-50mt’-saysSubsequently, Ltr announced spectacular assays on 3 occasions, that is 9 May, 20 May, and 3 June without further increasing the target except the bubbLe in the investor presentation indicates 60mt. On the basis that LTR have been conservative in its messages, there’s reason to speculate we could be slightly higher than 60mt. Wished they drilled a bit more but it’s okay to leave some to the imagination of the potential white knight.
Now with Buldania, it’s a massive tenement with adjoining mining interests acquired, Buldania is potentially the Pilgangoora in the south. Again Ltr has not yet released an estimated target. That video in November posted by
@TrayonRanger indicates Ltr was targeting only 40mt for KV until the bubbLe expanded considerably. I’m expecting Ltr will achieve the same in Buldania. However it may not be at the pace we’d like which is so that we can all get rich quickly. I don’t think so. The company will do this at a sensible pace - based on available funds and keeping dilution to the minimum - the oppies conversion and further conversion will help provide working capital buffer to support this campaign to completion having the actual drilling already funded. Remember we’d have already proven KV in 2-3 weeks. Ltr will be on an new elevated status whether the sp reflects that immediately or not, and the reason is exactly based on that table of hard rock projects. Hence there is no reason to announce a massive estimated target and create unreasonable market expectation and pressure upon the company. Based on the 8,000-11,000 meters I’m just guessing they might eventually release an ET in the vicinity of 25-40mt in this INITIAL MRE TARGET. As I said they’re not under a sense of desperation. KV is more advanced so let the market digest that and come up to the party. Ltr will be working to showcase the outstanding and the only non-committed asset in this league globally. Let that sink in. .......... then ....complete the MRE for Buldania. When the sp gets to 20-40’cents in October on completion of Buldania jorc, do some CR or offtakes (the door knockers are already at the driveway) to further expand Buldania’s jorc. There will be a lot of news and significant milestones along the way to force the market give Ltr the recognition it deserves not only for the outstanding work that have been put in in the last 2 years but also for the unbelievably lucky find in both projects.
While we’re not in anyway in competition to get a good medal, This is the most exciting hard rock lithium exploration in the entire planet currently in progress until someone else can exceed what Ltr have accomplished in about to be completed KV drilling campaign.
Stay calm, brace up for the next few weeks and don’t sell too soon.
Cheers
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