Solid announcement from LML today. They’ve raised capital at a premium (0.005 vs 0.004 close) a strong vote of confidence. Funds are going straight into relogging 2,200m of historic Minbrie core effectively a full-scale drill program without the cost. And the targets? Serious numbers: 29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn, and 9 g/t Ag. What really excites me is the zinc because zinc sulphide and germanium aren’t just neighbours, they’re in love and married. Where there’s zinc, there could be germanium quietly boosting the story. Leadership is all in too, with directors taking up to 50% of their salaries in shares. Assays are due in May, with priority drill targets set for June. As for me the moment one of my properties sells, I’m increasing my holdings. This is a once-in-a-lifetime opportunity. A few years from now, I’ll be hanging my stratoscope on the wall, and jumping into my Halbert Rassy 44, pulling the sails up and shouting: Adios amigos! OzHerald here I come to Perth!
LML Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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