For long-term shareholders, this is great news for two reasons:
1) It confirms that the tin resource is indeed extensive; and
2) It demonstrates that management are not looking to walk away from the Tasmanian holdings, but rather, are viewing the recent trevails as temporary bumps in a very long road.
It also means that the Riley Creek and Livingstone DSO assets are relatively unimportant. If and when the tin price begins rising, finance will come directly for mining Mt. Lindsay...the DSO resources will merely be bonuses to be extracted whenever the commodity price cycle is favourable.
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- Ann: EM Defines New Tin Targets at Mt Lindsay, Northwest Tasmania
Ann: EM Defines New Tin Targets at Mt Lindsay, Northwest Tasmania, page-6
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