LIN 11.5% 14.5¢ lindian resources limited

I don't wish to offend you, but in what sense does this...

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    I don't wish to offend you, but in what sense does this announcement indicate a feasible project?

    - The silica levels are ridiculously high for Guinea/anywhere. Without a massive *unknown variable, the Bauxite if effectively worthless.
    - Guinea has the world’s largest reserves of bauxite. Guinean bauxite reserves are estimated at over 40 billion tons, 23 billion tons of which are located in the Boké region. - spoiled for choice comes to mind.
    - Neither the size, grade or lack of deleterious elements make this deposit 'stand out' in a positive way.
    - The company is basically a shell at the moment - they have no expertise to market the project and no capability to develop it.
    - LIN only have a 51% interest in a **possibly worthless bauxite deposit.
    - ***I disagree that "this ticks enough boxes to be a feasible project."


    * screening - is it even going to be effective?
    ** I say possibly because if screening is effective and not cost prohibitive, it may be feasible to mine.
    *** from the information contained in this report.

    Cheers

    MC
    Last edited by MarionCobretti: 16/07/20
 
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