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20:46
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Originally posted by dynofish
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If it were true that LTR was in desperate straits and all finance options were deemed either unavailable, exhausted or refused, then there remains the capacity to raise more equity. The project is the top of its class, as is its jurisdiction and resource. All of those are facts, and as the project is within spitting distance of production with funds to get it there, as well as an improving set of market conditions, raising equity funds remains an option.
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WA is one of the most expensive jurisdictions on earth to build/operate a mine. This project isnt viable and will be flipped cheap with managements blessing imo.
(20min delay)