ASX Today, page-4765

Way too much news to be selling out before construction starts, it'll be $2.50 by then. That's about the first high risk point we hit - will there be cost / time over-runs, will start up be slower than expected, will they need additional working capital, will recoveries be less, etc. But I think we'll be steadily increasing until the high cost lead-time items are bought and paid for. If it goes wrong after that the funds spent are recoverable only by the receivers and LTR will be in administration. If it happens that's 18 to 24 months away, maybe even time to crack cashie's $5 before.