$200mc in my mind DLI is a bit under valued. We have over $1.3B dollars in easy accessible gold at Mt Ida and I reckon there is plenty more there as well.
Between Mt Ida and Yinni we have proven reserves of 41mt of Li both above 1% grading. Not the greatest of grades but ok. I think we will at the minimum another 20mt added at Yinni as well. As I say the company is undervalued given its assets base. We also still have around $100m in cash.
Ann: Yinnetharra Exploration Update, page-28
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