New informationManagement believes that a maiden mineral resource estimate might require $2-$3 million worth of additional drilling next year. If LiCo continues to report attractive drill results on Bucke and Teledyne, the chances of Glencore exercising its right to back into a 51% stake in Bucke, and reimbursing LiCo 3 times their exploration expenditures, will continue to rise.LiCo is in a the right place at the right time, a unique situation with its arrangement whereby Glencore can back into a 51% Interest in the Bucke property as soon as 2h 2018. They would have to pay LiCo 3 times what is spent exploring the property a figure that could amount to C$6 to C$9 million (just a guess).