LTR 1.59% 93.0¢ liontown resources limited

I don't believe what they say and they are doing at Greenbushes...

  1. 5,933 Posts.
    lightbulb Created with Sketch. 20001
    I don't believe what they say and they are doing at Greenbushes even though I know they are drilling around like crazy.

    Also if they have had enough resources they would not make any offer on LTR because they even don't have the money to pay the takeover !!!

    Do you know why I don't believe them?

    They changed their minds about the pegmatites at Greenbushes many times.

    Long time ago they discovered a hanging wall pegmatites which was hidden under the ground in very close proximity to C3 main pit. They considered it as a new resource of lithium. It was all on the reports.

    Also if they join the C3 pit and Cornwell pit they will dig the mixed zone shown on the graphic below.

    See their own old graphics below first;


    https://hotcopper.com.au/data/attachments/5175/5175291-c909ebf47ef9afbdac7b57d13389a84c.jpg

    The hanging wall pegmatite which was not shown on the new resource is also shown here on old resources 3D graph. .

    https://hotcopper.com.au/data/attachments/5175/5175294-ba0e0ad082f5df930e5d7c05a482b796.jpg


    Now this is the new cross section from IGO's report.
    Where is the HANGING WALL PEGMATITE?
    Disappeared !!!

    https://hotcopper.com.au/data/attachments/5175/5175313-67c628074f7ad8a310f840478e004e9c.jpg

    This graph below also contains my blue markings.

    https://hotcopper.com.au/data/attachments/5175/5175325-2354d7c15c6d8972b1118566ccf250e9.jpg


 
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