LOT 7.04% 33.0¢ lotus resources limited

Thanks for the correction. Doing some quick googling, it looks...

  1. 81 Posts.
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    Thanks for the correction. Doing some quick googling, it looks like the feasibility was done quite a long time ago though (2016?) - so there will need to be a lot that needs to be revised. The current studies (and subsequently the DFS) will not be cheap exercises.

    Unfortunately, the current cobalt market has been quite depressed for some time (although has been picking up again in the past few days/weeks) and nickel has just recently hit some 52 week lows so I'm not sure how much interest/value they can get for Wilconi at the moment. I suspect it may be some time before we'd be able to get a good deal for it (noting also that raising cash isn't easy to come by at the moment to fund such a purchase).

    But agree, long term, Letlhakane's pounds will bring significant value to Lotus as it gets developed more and gives it more certainty to the company's roadmap in the longer term.
 
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