"So there is nothing to indicate any TO from LTR..."My gut feel...

"So there is nothing to indicate any TO from LTR..."

My gut feel opinion about this is once drilling Moora begins in earnest (which has been held back to benefit LTR) and at the slightest hint that a potential vein runs into LSA territory, THEN we may see some TO overtures here.

Think a condition of the 51% stake is to spend $4 mil (?) in exploration over approximately 5 years (?) - plus or minus on the (?) details.

Regarding the area (Moora/LSA), Dave Richards has said and I quote, "It's a LARGE area. We know there is smoke, we just have to find the fire".

But I'm just a mug punter, so what do I know?