LKE 2.56% 20.0¢ lake resources n.l.

Dugsab, You do make me laugh. Who’s to say whether something is...

  1. 261 Posts.
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    Dugsab,
    You do make me laugh. Who’s to say whether something is off topic or not. You don’t set agenda.

    You do seem to have an issue with Hazen though whereas I don’t. I’m pleased with the their independent verification and the results they’ve given at 99.97%.

    The moaning about deadlines being missed or delays also makes me laugh. The difference of getting to the higher percentage of 99.97% makes all the difference and flips so many numbers. It’s essential that those numbers hold up to scrutiny and if I was Hazen or any other lab signing off on such impressive numbers then I’d want to double check the results before release.
    (they’ll face scrutiny from the sector as a whole)
    I’ve known this to be the case elsewhere and am waiting on results can be very frustrating but rather than moan I just let the labs do their work professionally and wait.

    The PFS used $11,000 as the price for LCE and all LKE’s peers used $13,500 or $13,000 as far as I can see including SLL. It’s funny how nobody draws attention to this and praises LKE for a more realistic up to date pricing model. I’m invested in SLL but I thought that was pushing it some. Therefore LKE now has increased upside with a better NPV which I’ve no doubt will be reflected in the DFS when it’s done & show the difference 99.97% makes.

    By the way my plumbing reference was very on topic. After all we’re in the business of water treatment and extended plumbing capacity.
    Enjoy
 
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