Hi Phoenix
I am not held in high regard here because i have an opposing view on LTR, that started as early as 10c when i first bought, where i openly stated that i didnt buy because of Katleen Valley lithium , it was all about the potential of another CHN Julimar find in Moora .........I also mentioned that i would not be in the stock prior to DFS being released in Q4 2021.
So as you can imagine, didnt make the cheer squad of the most ramped thread in all of HC very happy........
Here is why i have my problems with KV, i have also written about this on THE PEER COMPARISON THREAD LITHIUM in the general section where there would be more detail.
This is the open cut section of KV mine, average grade 1.1% , can you see all those thin horizontal veins ?
It looks like a tree doesnt it ?
That is your hard rock spodumene, in between all that, thats dirt, thats alot of strip ratio, actually its 8/1 in total which doesnt get me excited one little bit,................
Now granted, LTR has an under ground component, where grades get as high as 3% but you have to dig 200 - 300m to get to it.
So that would be the results from the tree trunk so to speak
LTR up to this date, has only completed a PFS, there is a reason why they call it pre -feasibility study and thats simple , cause its a preliminary report which can vary in accuracy by up to 30% or more, so all these forecast figures etc is just a guide at very best.............plus it lacked alot of content when it came to deleterious metals.
I recently sold out of LTR at 64c , i openly stated that i was leaving to take advantage of better opportunities elsewhere , as i believed that LTR was over bought / valued for what they currently have ( bull market floats all boats ), the better opportunity was the dip in price for LTR sister coy , which you hold too, i got them @2.8c and as you know, it got to 6c where i sold 50% at 5.5c and free carried for the third time, i believe the sister coy has better prospects at Moora and i still have a large holding to reflect that.
One doesnt have to be a holder to offer an opinion on HC, i dont troll, i call a spade, a differing of opinion, LTR need to justify its lofty status of 1.5b MC and SP of 80c starting with good results at Moora, cause up to this point , the results are very modest and they havnt struck nickle or PGE yet and following that ,they need to deliver an impressive DFS in Q4 which is the REAL document to take notice of ........
LTR need to prove me wrong, until then, i will continue to post here, counter balancing the rampers and their ridiculous price predictions which i dont want to see suck in the uninitiated / newbie
Dont take a word i say or the rampers for that matter, DYOR, DYOR, DYOR
I wish you luck and all the best
IMO of course
(20min delay)
