LKE..................Chart thread only, page-551

There is a strange idea abroad that financial commitments will "happen" without at least a PFS. You do not wait for completion of the PFS before lining up your ducks "talking to numerous partners" That is the process

There is an equally strange idea that finance at 15% is excessive for a speculative investment which Lake is until at least the PFS is done. A one hole success at Cauchari was never going to change that.

Anyone who believes otherwise might put on a G string and head for the PNG Highlands where the cargo cult is said to still be thriving.







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