Our KV resource is both humungous and homogenous. Homogenous was a word from DR. It’s premium quality resource all throughout with sections grading 2% to 3.8% which can be accessed from year 1. The mine scheduling by Snowden already done that and it’s made possible by the nature of the deposit. Expertise on site like the other 7 underground mines in the vicinity, this mode will turn out to be a massive differentiator for KV.
And success at KV can be replicated in Buldania hence $9b x 2. Including the build of hydroxide plant. With 15mt to start with, folks we’re nearly there for another deposit to be reckoned with. Look at cxo, they only have 14.7mt and yet they’re already aiming to build their own hydroxide plant. Buldania already has that scale, but Buldania has enormous potential. (Which of course shows Kathleen Valley is in another league, until Buldania uncovers the feeder zone hopefully in the drilling campaign this quarter.)
We will avoid the plethora of mistakes by existing producers.
We will arrive in the scene at the right time when shortage of lithium takes place - this means we haven’t depleted our resource not a bit on paltry sums of money and bleeding cash in C&M and interest charges just by producing little at a loss (you know that pls reported a loss of $100million in a year recently if not mistaken- but Ltr won’t have that pain).
We will finance when the interest rates are at rock bottom unlike peers who have gone belly up for crippling interest rates and merciless lenders
We will avoid useless Offtake arrangements where customers simply refrain accepting deliveries for supposed bottlenecks.
We’re the only one with 100% optionality and the company will preserve that feature for maximum return - not sure how they’d do it but I have some ideas. Stay tuned on this one how the Ltr team will do the tricks
We have world class mgt - capability and integrity to get this thru, both very important- just look at peers who went belly up, they’re mediocre and show no sign of remorse for destroying the shareholder value and their families. Many still suffering when they didn’t have money left to invest elsewhere. TG and team have so much skin in the game ~$300’million atm- they’ll protect your money as much as theirs. Our mgt have been buying on market from 2 cents to 48 cents and converting their options more than 2 years before expiration. They’ve taken rights in lieu of salaries to conserve cash - have a look at some of our credentialed directors they’re getting salaries as low as $27k per annum in a $1.5 billion company - now compare that to most visible peers and you’ll see it’s not unusual for directors getting hundreds of thousands for probably warming seats at board meetings (this is imo as somecannot even get their announcements right, no focus, only hocus pocus lifestyle operators). Lol I even had a stock with $7m mcap and the md is getting what uhmm I’m ashamed to say it here as I held the stock.)
We have in BOD members who have already built companies from scratch to multi billion dollar producers before being acquired.
We only spent ~$23 million to grow Ltr from $30m to $1.5b mcap, ie 50 fold. Now we have $66 million in the bank and ready to roar, expect some exponential growth as identified in the 3-growth dimensions in the investor presentation. We will spend some of this money to drill Buldania. And I suspect to demerge Moora, free shares for you just for clicking the buy button before the cutoff date tba.
The boys from the big end of town are already talking with Ltr as mentioned in the 3 June presentation acc to one of our forum members who attended
There’s usually this view of the grass is greener on the other side of the fence. Each new or prospective investor pick his own as holders of each minnow stock is peddling they’re going to become a massive company in the future. Whether you pick Ltr or not is really up to each - it’s your money and not mine. It’s your risk and rewardand wealth and not mine. Invest it the best way you see fit.
Now here’s the 3D deposit at KV for new holders. Compare this and it’s location to other projects. We’re not in central Africa, we’re not in west Africa, we’re not in northern Quebec, we’re not in mt Holland, we’re not in pilbarra. We’re in world class mining jurisdiction. We will build the hydroxide plant on site. These all carry a premium. all foregoing imo but the 3D below is factual - cheers
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