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50.5¢ leo lithium limited

Ann: Goulamina Resource increased by 33.8 Mt to 142.3 Mt, page-44

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17/01/23

10:19

Post #: 65727713
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Originally posted by Gwaihir: ↑

Exactly Stas, well researched, and something the board are NOT analysing properly or correctly.

They do not need to waste a lot of money on new exploration drilling, and especially if it degrades the overall grade percentage, because they "already have a 23 year mine life".

In 23 years, Lithium will NOT be required for batteries, newer technologies are supplanting it even today.

Somebody needs to get this into the heads of the board, who seem blindfolded to the issue, and as a result will probably just be wasting money charging ahead needlessly drilling more and more exploration sites.

This makes good reading, and gets the punters excited, but it's not financially practical or technically necessary to keep drilling new exploration targets.

The money can currently be put to better use.

You'd think the board would be intelligent enough to be aware of this.

Gw

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Maybe - maybe not... Our board is only half of the joint venture company...

As for Li batteries - my prediction is that it will be a very long time before Li for batteries , is supplanted by other technologies altogether...

LLL Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
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