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LRS General Discussion, page-1145

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Agam

407 Posts.

77

31/05/21

19:47

Post #: 53546423
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Originally posted by Woodpekker ↑

Don't want to sound negative or downramping but i think that's in a way misleading. Minotaur tested the resource with several testing methods for years before adn took over. The results was even back then superior to existing peers. You need very extensive testing results that then must be tested to the extreme by costumers plus month's of offtake negotiations. Lrs management stating literally after a few first holes that offtake agreements are coming in is extremely...yeah, not trustworthy i would say. There maybe a letter of intend in the next 12 months, but binding offtakes are 3 years away imo. Adn was also very optimistic to fasttrack to production with a very professional expert at the helm and albeit they fasttracked it they are minimum 1 year behind their plans. While adn paved the way many things can't be fastened. But that's just my opinion and we will all see. Even if i am right the resource looks bright abd big and all holders will make money with patience. My brother the traitor is also invested here ✌️

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IMO ..there are number of factors that LRS will go in off take agreements quicker then ADN .
1. It is more convenient then ADN to transport. 2. It is
Just 4 meter under the surface so less cost and easy
mining and that might be the reason people are
after LRS to get off take agreement quickly..

LRS Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

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