LML lincoln minerals limited

Good update - however it does seem like most of their activity...

  1. 5,290 Posts.
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    Good update - however it does seem like most of their activity is just 'paper work' and existing data mining (not that that is a bad thing, and the hard work understanding the existing data now, might save them heaps of time and expense later..) - BUT - value creation in the mining space is 'typically' done by putting holes in the ground, and establishing cashflow avenues (ie, strategic relationships, and offtakes, and or debt facilities). I could be wrong, but the updated PFS looks like it's timeline has been pushed out a little (from q3 to q4 ?). I really like our inground graphite resource, and we are shaping up in a similar fashion to our big brother RNU (high grade, at surface, etc) up the road (which is valued on multiples higher mc). Unfortunate that graphite is in the doldrums. I find it a ballsy call by management to say 'potential for Lincoln to become Australias first graphite producer..'..but hell, let's swing big!
 
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