In the last quarterly MR stated the Specific Yield SOP resource will be available in this Qtr! That is the amount of extractable SOP resource available from the 564m tonnes. This along with the trench pumping transmissivity, big word eh, will provide a very real commercial sizing for LD.
This will provide the required modelling data for trench dimensions suitable to producing the 70cu.m for 400ktpa SOP. Again this comes this Qtr.
I think this information will support the project and demonstrate it as a ridiculously undervalued stock. Water bores have not been raised as an issue to provide sufficient volume for processing so it therefore is a given that there is no challenge for LD here, otherwise they would need to announce.
Lets hope the above numbers are impressive and MR can make a step change in producing a Pre Feasibility study that brings home the bacon and get some offtake agreements in place asap!!! That's what the company needs to do and hopefully a within this year...
RWD Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
