Ann: Robust Results for Colina Lithium Project PEA, page-224

For those yet to watch the YouTube interview on Latin’s channel, a few things to remember:

resource is restricted (rightly so) by what is currently at measured status. As Latin (hopefully) bring up the inferred and indicated status of the deposit, the reserve will increase significantly. From memory, only 26 Mt out of the 45 Mt are included in the PEA. A significant infill drill program is underway which should see an sizeable upgrade.

exploration is ongoing - Tony talked about Fog’s Block; he appears to very be confident of finding something appreciable there. In addition, the main deposit is still open along strike/depth.

the strip ratio is high due to the JORC status of the pegs in the weathered zone - again, Tony sounded confident that infill drilling will upgrade these zones/pods and they will form part of the MOP; resulting in lower strip ratios and a more sensible ramp up process.

this PEA sets the foundations - the DFS, resource upgrades and exploration hits will, in my opinion, see this turn into a tier 1 within 12 months. Latin can’t control the price of Li but they have a bloody good chance of making this project into something very special. Tough day from a chart perspective, it’s never nice watching an investment head the wrong way, but fundamentally, the project has improved significantly and will likely only get better from here - from a fundamental perspective at least.

hotcopper can be a great resource, but also a great way to install further fear, confusion and bitterness. I’ve chosen to understand the geology, the resource and the pathway and trust Latin will get this thing running and enjoy the flip flopping of some posters here. If stability is what you seek, plenty of solid companies out there returning 5% per annum.