You could spend $2 million on drilling Buldania and increase its sale value by $200 million.
As Tony O says, he gets asked if its for sale but he ain't selling. LTR doesn't need to cash and the longer they hold it the more it goes up in value, even without drilling it.
They should do enough drilling to identify higher grade parts of the ore body, maybe take those out to inferred so they can add it to the resource inventory and give it a value.
This will also make LTR more valuable and less vulnerable to an on-market takeover. The way things are I think there's a risk of a low ball cash offer coming along that some shareholders would find hard to ignore. We've still got a good 2 years of share price growth to look forward to, and the very lowest I'd take is $3.40 which is a healthy 1 year target. $5 in 2 years.
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