LRS 5.56% 21.3¢ latin resources limited

LRS General Discussion, page-10644

  1. 9,804 Posts.
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    I'd still like to see whether our remaining West holes have all hit pegs (and how thick) before I put any degree of confidence in my estimates, but as a short update to this previous post from April.

    I now don't see any scenario where tonnage is less than ~35MT (which I had listed as my base case last month).

    Also, I previously had ~50MT as my upper limit in an 'outperform' scenario. I've revised this to 54MT. To be clear - I don't think 54MT is likely, but it's at least within the realms of possibilities if:

    - All remaining Western holes make hits with average cumulative intersections of ~20m; and
    - Colina somehow manages to add an extra 4MT from in fill (to achieve a total 17.3MT)

    Not advice, just my own personal estimates.


    Last edited by dawgfather: 08/05/23
 
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