40c in 2 years, I don't think so.
- The MRE resource update is expected soon, as the last two updates were released in April. Adding another 15MT to reach approximately 65MT would be fantastic. Remember Blackbeard had excellent intercepts.
- The Restart Study is due within the next two months this quarter. It's puzzling why Core would spend $20M to gain full infrastructure ownership and leave a cash balance of around $15M. However, I'm confident Core will deliver significant benefits. The spodumene price has dropped from $850 to $750 in the past month, which might affect Grants' strategy.
- BP33 funding is a major catalyst, and the Restart Study will provide context for BP33 investment. It was encouraging to see LTR receive a loan from the Australian Government; I say there's hope for Core!
I think Mr Paul Brown is about to deliver some very significant announcements.... one after another.
As always DYOR.
Add to My Watchlist
What is My Watchlist?
