I do love how you twist and turn champ. It amuses no end.
Let's have a closer some of my new favourites from here and the LRS forum, for a little giggle.
Seems pretty clear to me. That's the gist of it right there.
I don't agree with Joe, but a faithful telling (but for the reference to LRS at the end but hey, let the LRS boys have their casual ramp).
So Joe says spod will die and brine will live. That was his message.
Interesting comment about tier 1 assets - noting of course that LRS does not have a tier 1 asset, nor is it likely to do produce one without finding more DS deposits on its tenements. So looking more like a GT1 or GL1 than a WR1.
So what do you think of goodas' post:
Lets look at that 'nuance' as you state it, in the context of your earlier comments, shall we?
So your view, is that Joe didn't mean LRS, of course - it was always brines and LRS that would thrive. Good stuff. Dance baby!
And according to you, Joe said 'low cost + jurisdiction + management' are the three most important things.
Fascinating. Maybe you can provide that quote from Joe for me too.
And yet, what did Joe say that you construe about Winsome? Oh yes, as you quoted to me:
”If you take Patriot out of it, so far what’s been found in Canada, is what I would characterise as mediocre, garden variety assets and I just finished talking about why I don’t think they have a great future”.
So your assert that Joe thinks that Winsome has a mediocre, garden variety asset.
I do note that the quality of the asset is not one of the three most important things you took from Joe's podcast - weren't they 'low cost + jurisdiction + management?'.
But here you are, quoting it to us because its important! LOL. Definitely not downramping though.
While you've raised it as important though, let's look at asset quality.
But by any objective measure, the Adina is superior to Colina. Vastly superior. And lets not even talk too much about Fogg Blocks. Sub- 1% utter pig swill included in your MRE because LRS can't find a way to scrape together 80mt. LOL.
In two pits separated by someone else's tenement. PMET has its great lake - LRS has the Channel Tunnel and a Journey to the Centre of the Earth. LOL.
Let's talk low cost too. Sure Brazil is low cost, but Colina is so deep that it's going to cost you a decent wack to get it out. Then you're going to produce low quality spod con to save a few OPEX pennies.
And even then, higher cost that James Bay. Winsome will be equivalent cost to James Bay, with far less CAPEX to get there.
So better deposit - and lower cost.
I'm not going to bother too much with jurisdiction. Canada is tier 1. What tier is Brazil? No doubt LRS twitter would claim its tier 1 too!
And management - LOL.
The clowns at LRS have spent so much time bumbling around looking for everything under the sun that LRS has been diluted out the wazzo! Top management. Of course, according to you, dilution doesn't matter though! Lucky for you that you think that. More is coming. A lot more.
By the way, I'm not downramping LRS at all, I've just point out some facts for you.
As you said in your earlier post, it would be completely silly to suggest that I am downramping, because I hold LRS.
(20min delay)