LRS General Discussion, page-12384

I agree , LRS is becoming of the premier Li stocks now, good results and big potential for a JORC upgrade.

However, my main reason that we are coming through the pack is geography, which is ironic ,as Brazil was always rated below some other jurisdictions, and was reflected in our share price.

However, let's look at some current issues in various areas:

Canada: POOR Green tape and land rights, Permits are a nightmare, and time to mining 8-10 years.
Great finds in Green Bay, but how long until $$$ flow from mines?

Arica: VERY POOR Sovereign risk.in many countries, look at LLL in Mali, suspended until it coughs up 40% tax for DSO export.
Look at AVZ in DRC too.

Australia: AVERAGE AND DECLINING , greentape/ capex high ,however ,sovereign risk will rise if there are Constitutional changes, and States impose taxes arbitrarily (Queensland coal tax).
Look at WA ,councils cancelled tree planting last week, unless they paid $2.5M! So what will miners pay in the future?

USA: AVERAGE BUT IMPROVING Some areas are good like Nevada and Utah, but some are not .However, the Federal Government is putting a lot of incentives into the critical minerals area.
Watch this space.
Ioneer (INR) got a $700M loan from the Government.

CHILE: VERY POOR Nationonalization not good for investor capital.

ARGENTINA:AVERAGE Good regulations and mineral wealth, however, inflation is a killer (114%).
The government requires equipment and CAPEX to be in USD, which is not good when your mine earns in Pesos.

BRAZIL: GOOD .Government supportive, low green tape,fast approvals, low capex.
Inflation 4.2%.
On most favoured nation trading list of the US government.
Look at Sigma (SGML),mine to processing plant in 2 years!
BYD overtook Tesla in EV car production, and is building a Gigafactory in Brazil, a possible offtake agreement and loan for plant construction like Ford did with LTR??
LRS is Sigma 2.0,and the markets are starting to reassess Brazil as a good mining district.

DYOR IMHO.