Here is my little objective observation. On 8/2/17 LRS issued...

Here is my little objective observation.
On 8/2/17 LRS issued the announcement "Drilling Commences at Ancasti Lithium Project". Drilling timeframe was 3 weeks to completion
- On 15/2/17 CG states 2-3 weeks to completion.

In the interview CG states "We hope to have those options in the money. If that is proven, that we can have those options in the money, we actually have 330 million options out there. That’ll bring roughly in about $6 million."
- Unless the SP is over 2.7c the likelyhood of 100% participation is nil.

In the interview CG states they are aiming for a JORC for the end of June
- Unfortunelty I feel the likely hood of this occuring is very low based on past performance.

I hope that LRS is being ultraconservative and the drillers have good weather.