I think LRS needs to hurry up. One commodity life cannot buy is time!
I've said this before, LRS are 12 months behind where they should be. The world is spinning very fast re Li Exploration & good fortunes are popping up. It's a race, & we are in it. Where we will finish in correlation to other entrants is the Question. Supply seems to be driving down the Li Price & surprised me TBH.
For example, WC8 seems to be indicating it has found 1.6 kms long, 180m wide & 350m depth in places. Some quoting up to 100-150mt? maybe more. News like this lulls our sails.
Every month is critical now! Results must be massive finds for LRS otherwise it will be like the slow dopey kid Easter Egg hunting, finding their eggs but by the time they find them, everyone else has left the hunt, with no need for more! & that’s my immediate concern right now, competition & Li Price.
However long term, a point of difference I see for LRS & Like Sigma, is low-cost producers & will not be subject to C&M if lower prices come knocking which is possible with Australian Li miners. This allows a competitive advantage in what’s becoming a highly competitive market & I think this is where we will come out on top. High-quality low-cost mining in a supportive Geopolitical environment.
& I’ll raise my hand & honestly say I didn’t feel the need to sell in 2023. I did my research & am content with my decision making & will continue to hold long term as I see a positive future. But gees, Mgmt need a bomb up their a_se if they want to hunt with the smart big boys!
15.5% of our NPV of $3.6 bill, leaves room to move. UP!
Time out!
Risk Level – Chancy.
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