Recent drilling update/Resource update:
"He says the “impressive” results being generated by the resource drill-out (and upgraded exploration target) suggest that it is on track to double the current Resource to over 40 million tonnes."
Their Lithium Resource is about to double, these guys always underpromise and over-deliver...
My interpretation of the announcement was they're expecting 40mt to be an easily achievable target...
Their Resource (In Western Aus)
-Comparable to the likes of PLS/KDR at their early stages (LTR MC ~$30M)
-Tenements have proven resources already there
-Both close to major infrastructure/roads/the works
The recent media/brokerage that the company has been getting is what is transpiring this re-rate imo
http://tiny.cc/LiontownArticle
Couple brokers were rating this 11-12cents without even factoring in Buldania (Which is supposedly the bigger tenement)
Recent drilling update/Resource update: "He says the...
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