FA & General Banter, page-4024

on SYR thread and seems relevant to LTR, I hope so anyway.....

some folks appear to not understand mining ventures
they are many types of mineral deposits that are simply uneconomic, despite the large amount of mineralisation
SYR might be one these deposits, that can only produce a very low grade thus relatively high cost product
it does not matter what year it is
even when SYR hit $6 a few years ago, even back then, if the deposit is uneconomic, it is worthless
there are monster low grade copper deposits, gold deposits, laterite nickel deposits, magnetite iron deposits, rare earth element deposits, that are currently worthless
soon, some lithium companies, such as PLS, might be worthless
graphite is not rare
lithium is not rare
as supply comes on, only the best Tier One deposits will make it
similar to TON it seems, despite its enormous size, SYR's Balama deposit is not a Tier One deposit because it can only sell its graphite for a very low price
now, we might understand how the old boys pegged Balama. possibly, no major mining company was ever interested in it