LRS 4.65% 20.5¢ latin resources limited

Its another box that's been ticked that needed ticking to...

  1. 8,227 Posts.
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    Its another box that's been ticked that needed ticking to justify continued drilling.

    It will likely be a lower cost processing set up (lower capex). Good to know.

    We really could do with a few thicker intercepts in my view.


    When this runs it will likely be hard.

    It actually could well be Cloud 9 PFS that is the catalyst.

    Current MC can't be taking into account a decent PFS plus the Li results so far. Plus the cash on hand making it low risk for the medium term (no CR dilution).

    While I think ADN great White has the edge on Cloud 9, plus its further developed, off takes etc, you would still like to think Cloud 9 is $80-100m value.

    That does not leave much for Brazil.

    Could well be saying in 12 months time "wish I had bought more sub 15c.

    Clearing the B wave 14.5c is our first target. Then 22.5c. There is one hell of a gap above 22.5c

    GLTAH


 
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