PAC Partners Upgrades Latin Resources to 25 cents a share, page-12

Reading this report a couple key takeaways to me are it basis on $5,000 a tonne Spod price but aren’t we below this now?

Also page 7 makes some notes about need underground mining on Colina deposit at depths and steep east wall. I reckon the PEA people said this will work but won’t be too good, let’s get the Colina West results as if these are good and it’s one bigger system it will stack up as one big open pit albeit it sacrificing some resource near the east boundary. So whilst it was a logical, smart and justified moved given the West results I think there were some original negative reasons to change the timeline.

My take anyway.