Thanks I'd be lying if I said i didn't have my doubts for LTR, as their outstanding shares are close to that of A40 and MC is double. This isn't to say they don't have triple the reserves, however, I am expecting A40 to prove the same when exploration gets serious.
As for LTR, the time it takes for environmental approvals, capital raises, plant infrastructure implementation, offtake agreement negotiations, logistics negotiations and all the rest that comes with development, I don't think their SP will sustain its dizzy heights given they have the same cash equivalents as A40 (at present) with none of the above.
As for KDR/Wesfarmers I'll check it out in more detail.
Currently, I believe major players would get better value for money buying an operational lithium mine and winterising it until the prices sort themselves out.
Cheers
A40 Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
