LOT - Lotus Resources

[brerwallabi]

Well it finally arrived an upgraded MRE for the Letlhakane project in Botswana.
The indicated resources sees an increase of 65% after infill drilling of 164 holes for just over 12000 metres.
The drilling has also identified further Mineral Resource growth which will be assessed in the next planned drilling campaign.
Lotus shares are up 1.5cents today to 23 cents.

 

[Sean K]

Not sure what can change the fortunes of this except spot price increasing for some positive sentiment, or they get into production on time. Spot increase shouldn't really matter when they're getting into long term contracts. Although, maybe future contracts will represent the prevailing spot at the time.

Been a horrible year.