Ann: Liontown Reaches Agreement to Terminate Royalty, page-46

Hi @GGG77, yes I see it pretty much the same way. There are many risks with mining and a strong BHP offer would have to be considered. Also BHP cannot afford to be left behind here as renewables are clearly the future. As we know and as LTR keeps telling us, LTR has the only large world class hard rock deposit left in the world without commitments, and they are in WA also. How can BHP not be interested? Only the amount that TG and the BOD wants is the stumbling block. The project is de-risked now and the house keeping is almost done. Finally, it makes no sense for LTR to pay half of their working capital just raised to buy out the KV royalty rights. I have gone over this many times and still come up with the same answer. It is not economically smart to do this UNLESS it is to allow for a corporate deal and BHP looks the mostly likely IMO. We shall see I guess but a take over or large JV deal is now my bet but if I am wrong, my sentiment on LTR is still the same as we will just get to the same point via a different route and different timeframe. As far as the value is concerned I suspect that the DFS and Buldania resource upgrade will determine that. I also wish to publicly thank @anatol. He has selflessly provided research, graphs, stats and view points over the years that most of us here, including me, would not have been able to access. He has led many of us here to this point.