Ann: Commencement of Drilling at Lefroy Lithium Project, page-3

So let me get this right.. they started on the 22nd of may to do a 12 hole 2000m drill campaign which was announced was completed by the 4th of June which takes just under two weeks to complete which is completely fine and on time with any other company... then on the 4th of June they announce it will take 3-4 weeks to get the results back which is a normal timeframe unless you can fast track it. It's been just under 7 weeks with no more news about it. So roughly 9 weeks to start drilling and still waiting for a 2000m drill results. Once we get those results they will of course have to go over it and plan on the next drilling campaign which knowing them will take maybe 3-6weeks... then they need to find a drill company to do so...

sooo going off from start of drill campaign to finding out results IF it comes this week and then do studies for the next drill campaign it works out that we have roughly 3 drill campaigns of 2000m per year to drill out this "discovery" so how many years do they think it will take to actually get something worth mining? How will we get money to fund this project with our share price which we haven't seen these prices since mid 2020.... of course we are in a JV to get this funded but again are we going to give up the whole project to find the discovery or to get it to somewhere worth our while? We own 70% of the project as long as our JV partner spends US$3mil on it they will get the remaining 30%. So if they keep deciding on spending money on the project by the time we find something worthy it might be the other way around as they'll own 70% of the project and we own 30%.... just can't see how this project will bring any value to any shareholders within the next 3-4 years unless their is some bullshit major discovery.....

these guys just need to hurry up and actually do the work! I don't know how they keep filling up cap raises at the moment without giving major discounts which keeps the share price down for long term holders.....