General Discussion Topics, page-134291

"Whisky how do you feel doing a comparison against LTR? Kathleen Valley vs NAL + Moblan?"

Well Kathleen valley is a huge resource , permitted, financed , OTA's in place , 100% owned and a few months away from ramping up ,that will always come with a premium, deserved or otherwise. It's true value will come when it actually has to show a profit as an actual producer.

We're a small producer with 75% ownership of an operation thats losing money and an unfavourable OTA untill a refinery comes along. Moblans value lies further down the track with financing and permitting ahead of it , so doesn't really have a particular value. However we are debt free.

It's simply impossible to make a realistic comparison on value, different companies at different stages.

We have already had a valuation $3b so anyting is possible but I can't see $US8000t for spod returning anytime soon..

IMO putting any value on a company in a specific time frame is a recipe for another round of potential disappointment and recriminations, why not just see where things take us, they will end up there anyway regardless of what we think..

Be conservative and be pleasantly supprised by any upside.

Cheers Whisky