credit for the post.as Timtam15 pointed out.SYA is now de-risked...

credit for the post.

as Timtam15 pointed out.
SYA is now de-risked being in production relative to LTR.

An while LTR has a bigger resource with better grades. Until cashflow follows from production it will limit the overall value of LTR.
If they can ramp up without issue I am sure they will have a re-rate too.

But I dont follow LTR so I have no idea how long they will be waiting before they see cash, especially if they have debt or loans that have interest rates increasing. Hopefully they have locked in contracts with fixed interest.

An as our cash rolls in we will have better ability to drill out existing or buy out other resources (potentially).
While Moblan is currently 51MT. With, what is it, 50,000meters of further drilling to come? Would you commit to such a program on the back of an unlikely further increase in its resource base??? I think not. Most of the time they would be fairly in tune with something is there before they drillout that much.
If it was a smaller program id say ok, more explorative, but with bigger dollars commands more certainty in finding value add.