Ann: Open pit study lights up Lake Roe, page-3

First taste with much more to come. How much cash will the GL1 holding generate for construction?
The costs are only based initially on 1.8Mt PA with potential to optimize at a higher throughput and lower costs.
The starter pit would pay for the mill in the first year at current gold prices. That would leave any cash from Li in the bank anyway.
The status of independent study providers would go a long way to enabling a favorable rate on a loan even at this level dependent on credit conditions at the time.

The LOM will be enhanced by UG study this quarter. This is very much a starting point. I like it and am pleased to see some numbers at last.
I am really keen to see news on more drilling as we are comfortable with cash for at least 18 months.
It looks like a base and lots of upside yet. The LOM will be key to valuation upside as it will enhance the ROI.
Just some initial thoughts. Good to see options and more options to come.