LCL 11.1% 0.8¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-245

  1. 3,696 Posts.
    lightbulb Created with Sketch. 1525
    That's why I've often said, once the Ausino rig arrives and gets to work on Chuscal as it has the depth capacity (C5C to 1000m depth capacity from what I could track down on a spec sheet) to get to the proper targets (and cheaply) is when the real action begins.

    This last few weeks has all been a bonus.

    The end game was to get enough cash flow established through whatever means to eventually go test the 1000s of acres of the previously privately owned Andes prospects.

    That's why they went public, (blacklisting thro metstinko was to get those Quinchia assets and develop them quickly) to be able to get the funds to do justice to the Andes prospects (the bigger timeline and picture).

    Also Andes was first mover when those leases had just been released post peace accords, so SUPER FORTUNATE to have such assets in the hands of an ASX minnow when you look at our neighbours.

    This story has just begun.

    You don't get a line up of technical expertise and a chairperson like Mr Ashton for a limp prospect.

    It's all there if folks can piece the puzzle together.
 
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