Ann: Ricciardo Delivers Australia's Largest Open-Pit Sb Resource, page-191

“Also, I'm not sure but LRV has signed offtake with the Chinese already - @vmp - yourself or other LRV holders can clarify. I find their forum too cluttered to sift through!”


Hey HM, I used to hold a good chunk of LRV but have tuck away most now so going forward me not probably as vocal in that forum. But I hold here now so bear with me you’ll discover aspects of my posts not to your liking, just warning you in advance lol

My only hope here is wa8 learn from LRV’s big mistakes particularly in blowing up the register.

Re Offtake, they did it with a small middleman called wogen - they only prepaid $4m for what ? For a commodity likely worth $3-$4 billion. It really left a putrid smell to me how they did that deal. Cant stand it so I sold most now, I could be wrong. But wa8 is the deal for me atm among the junior explorers in view of the huge maiden mre. I interpret that as something that will grow fast because of the endowment. When I think of the fact lev managed to add just one year to its LOM depsitr RVR and recent drillings, the market must know explorers can’t easily increase sb resource, wa8 is in a league of its Own at the moment as far as expanding the MRE. The $1.2b sx2 cannot produce an inferred mre until 2027.



Now Back to wa8 ……..