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50.5¢ leo lithium limited

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dazaliam

6,163 Posts.

2001

13/08/24

15:01

Post #: 75186555
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Originally posted by Kikker1959 ↑

"Low cost operations like Leo has built will always come up trumps."

Nothing is completed here yet Red and the Chinese masters are not able to run a hard rock mine successfully. I highly doubt that one spade of spod comes to a ship in the next 12 months from this location. LTR is in the best position to shoot up in SP with plenty of funds in the bank when the market turns. All LTR's long term Western offtakes will protect this resource. Soon, the rubbish mines, management and locations will have been cleared from the global scene.
I am far more worried about the LLL holders as the Chinese can easily walk from the deal given the current state of the industry and with a non completed mine. If that happens holders here are standing with their pants down to their knees.

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Wouldnt it be funny if LLL were receiving the 1.5% royalty but LTR up the creek?

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
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