ASX Today, page-456

I agree with what you say anatol in that I believe Tim backs himself and will take necessary risks which is not conservative. Like before a company of his has recognized assets he will punt on them buying or defining leases worth building value on. He did it at Chalice, he's done it at Liontown, Im also hoping he does it at Devex.

He's a gun at taking an educated risk and building wealth while not wasting money. Being careful with money though is definitely conservative, the root of the word being conserve or to save.

I rang Devex the other day and laughed as the secretary answered hello Chaldevex resources. I laughed because he obviously has the same lady running the phone for Chalice and Devex. She may do Liontowns phone too! ha ha!

What I mean by conservative is he takes educated risks, when he needs to but IMO he won't take unnecessary risks. Just like with 5 rigs going at KV (which is a sure thing at this point) he spends money where he needs to but he doesn't waste money.
In that line of thinking I believe while establishing resources he will purchase under explored ground, do as much research as possible obviously, but take a risk, have a punt and luckily at this company and others it often seems to come off.

As said this part is not conservative, you need to take risks to win in the spec sector. But I AM certain he won't take unnecessary risks.

If LTR had a billion dollars in the account after the sale of KV for example he would only keep the other assets IMO if he intended to make a real go of them. Get max value from either a high level jork exploration programon Buldania and the Vanadium or taking it even further, to mine.

In which case I believe he would keep over $100 mil and drill the heck out of both assets with a view to develop. Much like he has done at KV (well the drilling part anyway) So thats what I mean about conservative in this regard.

He won't risk leaving himself short of cash developing the other assets if he decides to keep them IMO. He will leave plenty and make a real go of them or perhaps like at Chalice add other assets.

Anyway its all speculation at this point. There is no right or wrong, just sharing or views.

Its a bit like being kids who parents have gone to the ice cream shop discussing what flavor tub of ice cream their parents are going to bring them. Then as now I don't care that much, its out of my control I just know Im in for a very big treat soon so thats good enough for me!!