LKE 3.13% 6.6¢ lake resources n.l.

brunk. He would be guessing and he's already had to make a...

  1. 20,683 Posts.
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    brunk. He would be guessing and he's already had to make a retraction with Kachi. Kachi had 5 holes, Cauchari might only have one.
    Far too early and (very ill advisable) for Steve to quote any numbers, except to, hopefully, say that they have proven the concept, but continue to imply that "it's coming from the same basin as the multi-billion dollar leases that it adjoins. Olaroz will get the next well.
    That's why I'm thinking that Cauchari and Olaroz, IF the concept is proven for both of them, will be real estate deals for very big money. LKE simply does not have the size to develop all of it's properties, UNLESS, an elephant enters the room. Both situations are extreme positives for LKE shareholders with a current market cap of (would you believe) less than $32 million.
 
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