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Ann: Development Progress - Lindi Jumbo Mine, page-1632

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Stirer

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04/01/24

15:54

Post #: 71727556
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Originally posted by spid81: ↑

Hi Stirer,

If the project is a lemon, what is the point of spending additional funds to increase the capacity by 50%, you are still going to end up with the same lemon worth nothing.

As I keep telling you, you need the hype built into the valuation, the value for the Lindi Jumbo project by itself is around 25% of the value of the 2019 report.

I know you won't be able to see any merit in my post, but you can just look at the SP and work out that investors don't believe the BS hype from the IIR report either. I suspect when we see the next T40 report, It won't show the HC pumpers from the T40 adding to their holding, unless we see another CR that is required to save the company from a failed commissioning or funding being held back.

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you are basing all your calculations on the derisked valuation meaning the 40Kt plant is running as expected. The price of the basket price is the variable. You can’t quote the above and then say if it is a lemon. Get you story straight

WKT Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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Ann: Development Progress - Lindi Jumbo Mine, page-1632

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