Ann: Colina Lithium Deposit - Mineral Resource Estimate Upgrade, page-76

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Helios11

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02/06/24

08:14

Post #: 74122346
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Originally posted by mickvp25: ↑

You're arguing over a small reporting error. Filling the thread with nonsense arguments insulting people, when you know a few thousand meters, means nothing to this project overall, and comparing metres drilled to PMT means nothing overall. What means something is the amount of measured and indicated resources, which is significant. What matters is the discussion of funding options.What matters is the management with connections in South America and the current prices Sigma is getting for their green lithium, combined with FOB production costs being 2nd in the industry.

This is like arguing over spilt milk that is cleaned up easily.

Remember that time I predicted the shape of the initial WR1 deposit based on afew holes, to the point my depiction that took me seconds to do was used and spoken of by management, then proven some time later?? I used nothing but inate pattern recognition skills to do this. No mining software was required. You can call me nostradamus if you like, but that won't make a difference to anything here.

You're wasting your time spreading seeds of doubt on this one. This deposit is way to convincing at this point and has a direct company to compare with in Sigma and just look at how well Sigma has gone into production, nothing short of spectacular getting above market prices with very low costs. $462 per tonne FOB production costs, 2nd lowest in the industry. What do you think WR1 will be FOB wise in the middle of nowhere with frozen ground and extreme conditions with beautiful lakes nearby.

Would you like me to go post in WR1 threads spreading many seeds of doubt with significant merit attached?? I'll pass.

Every project has pros and cons..Its about weighing them up correctly and seeing through the things you are focusing on here that make zero difference to the narrative.

Based on Sigmas' current resourse size and FOB production costs..LRS is undervalued, in my opinion. 50% of Sigmas current price would be closer to par at around 1.2-1.3 billion AUD, this is due to the pathway to success being known and probable thanks to Sigma lithium. 70% of Sigma once in production based off current resource stats comparatively. I think Sigma will go up from here, so these numbers should grow, and I believe Sigmas' recent performance is why LRS has held up through the storm better than most as of late.

Next.

Just my opinion. Dyor, please.

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Fwiw, happy to debate anything with you. Forums like these need more of you who actually know their stuff.

i am suprised you go so emotive with frozen ground comments and alike for that paragraph, you know all that information is not supported by facts, broker reports, dfs reports for James Bay, Renard (2012), moblan, indicate otherwise.

Post CR, or funding agreement, I may invest in LRS, but will wait for studies to be completed as the lith beta won't be changing in the short term.

LRS Price at posting: 26.0¢ Sentiment: Hold Disclosure: Not Held
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Ann: Colina Lithium Deposit - Mineral Resource Estimate Upgrade, page-76

MinRes unveils maiden oil and gas estimates at Lockyer & Erregulla projects, WA

Move over antimony: Encounter Resources unveils fresh raft of high-grade niobium hits

UK govt endorsement of Cornish lithium project acknowledges Lepidico's processing technology

Westgold sets target of 1.6-2.1 Moz of gold at WA's Fletcher Zone

HotCopper users bullish on Raiden's news it won Andover South approval as expected

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Ann: Colina Lithium Deposit - Mineral Resource Estimate Upgrade, page-76

Top Stories

MinRes unveils maiden oil and gas estimates at Lockyer & Erregulla projects, WA

Move over antimony: Encounter Resources unveils fresh raft of high-grade niobium hits

UK govt endorsement of Cornish lithium project acknowledges Lepidico's processing technology

Westgold sets target of 1.6-2.1 Moz of gold at WA's Fletcher Zone

HotCopper users bullish on Raiden's news it won Andover South approval as expected

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