LIP is up on stellar presentation/activities18% up today (yesterday for us); 34% gain over the month.
3 points - two known, but well presented, 3d point is a pleasant surprise:
- merging / spinoff
- Mitsui - still part of the future
- Financing - not just general talk of interests, but some specifics (no party named of course, that will bring us to new stage)
LPI, probably, plays the powertrain for BRZ. We, now, mostly a wagon attach to it, where it is going, we follow.
Would be nice if more drilling for stage 2 is competed and more tests done to improve quality of the deposit. 3M M&I resources is nice, but 5M is better, 1M reserves as part of it would be even better, but LPI might preserving cash. If financing is mostly debt, than nobody cares about more resources.