Ann: Strategic Investment by Lithium Royalty Corp, page-43

Great analysis as usual @wenty. Lovely part of the world Milford Sound.

Having ridden PLS most of the way up from 3c before selling out and investing here, I am very happy with this announcement.

The similarities give me reason to be confident.

1 June 2015:

The Company has undertaken two capital raising initiatives and has received applications to raise a total amount of $6.465m (before costs) from professional and sophisticated investors, being an immediate placement of 17M ordinary securities at $0.045 per share to raise $0.765m and a Secured Convertible Note issue to raise $5.7m.

It was aimed at fast tracking their development. And sure enough, PLS peaked at $1.12 two years later when producing.

There's no way on earth that Lithium Royalty Corp would throw this kind of money at the project, without being extremely confident this is all going ahead. And sooner rather than later. I'm not sure we'll be mining this year, but don't think it will take as long as Pilbara minerals did to get going. It's a lot simpler setup by all accounts, and logistics are much better.

I have a gut feeling there is more news in the wind.

Bring on the drilling. 15MT would be perfect.