Seneca’s Luke Laretive

Seneca’s Luke Laretive back in August and prior to CR9’s initial assay result announcement went on ****** and discussed the early entry opportunity for investors to get into CR9, start at 3:50. The subsequent announcement and others since, confirmed CR9 having the purest, brightest and highest yield kaolin deposit of any listed on the ASX.

In his brief overview he discusses SUV, FYI, ADN and LRS and their significant SP appreciation over the last 12 months, and with CR9 MC sitting at the time approx. $15mil it represented a great opportunity to get in on the ground level.

The fundamentals haven’t changed since Luke recommended CR9, in fact they have only improved with each announcement.

CR9’s MRE will shortly be released and if my best guesstimates are right, the deposit will be approx. 20mtn’s (see previous post Salty’s MRE guesstimate). If we assume a 100,000 tn/pa producing 50,000 tn/pa which is suitable for HPA market that equates to a 50yr life of mine. This deposit will be a a significant cash cow.

DYOR