Is LTR 93% undervaluation possible recipe for a TO?, page-2

@binwood
“60c is a $1bn valuation lol.” Indeed lol, but that’s how deals happen, at ridiculous prices! Look, SQM took 1/2 of Kdr for $280m (? Or thereabout) but the other half was more than twice. The 60c is based on wodgina metrics. They are real. So who’s lol?

Also, as someone who is not well informed about what’s happening at KV, I think you’re being ridiculous. LTR will be a very different beast after this drilling program. The team has been extra conservative. They’d put a target of 15Mt, but they’ve achieved more than 3x that target in the last program in the order of 53MT incremental jorc, mostly measured and indicated with very small inferred component. It was partly luck, but we’re expanding on that ‘luck’ now, the very high grade feeder zone extensions of mt Mann. Plus the northwest which has recently been proven to extend another 400m. Lol. The grades are as high as 2.4% to 3.2% in the new drills. We haven’t seen nothin yet. I actually see all sort of conservatism in the PFS. (it might have been designed to bait big fishes for a bidding war, the dfs will significant alter the current numbers with inclusion of resource upgrade, Ta credits and further improved Mets and recoveries) Tantalum credit will also significantly improve the project economics.

Management has thick skin in the game and is working their butt out for the best.

See the red section below which is expected to cause the resource size to more than double the existing 75MT to 150MT. In this drilling program, we’re not starting from tracing the extension of 10m or 15m thick spods, but rather testing the extent of the feeder zone whose thicknesses are in the range of 45m to 90m; also We’re not even counting on mapped pegs extending 2km to the south of mt Mann. There’s more spod in there it could coalesce with mt Mann in the same manner that mt Mann and Kathleen’s corner coalesced underneath forming the very thick and high grade feeder zone.

anyway @binwood come back here sometime in jan/feb when we complete this current program, will you?