Very simple way to look at your investment now. Either management delivers a partnership structure which makes the downstream refinery a reality or they don't which leaves the refinery on paper until momentum returns to the Ni price and EV market. Upside from the current market cap in the short term is 40c and then 60-80c when funding locked in. Downside is 4c with a Ni sulphide resource which includes further exploration potential, existing infrastructure, REE opportunity and value of investments all supporting an intrinsic value greater than zero for the company. Of course further dilution in the short term would be necessary though.
All any of us can do is wish management the best as they negotiate with potential suitors. If it doesn't happen now there is still future potential. Given the low volumes it would appear most LTH's are set to ride this through for the long term.
GLTAH DYOR
BSX Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
