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Re: Tradeinman post# 51588

Tuesday, 06/24/2014 11:07:34 PM

Tuesday, June 24, 2014 11:07:34 PM

Post# of 72908
I would think that you would be happy about them letting go of the San Juan property. I know I am. Why would we want to keep paying for a property that we aren't going to develop for several years when we are hurting for cash and have other properties that are way more likely to give us revenue in a much closer time frame?

I like the exchange of Arabia for San Juan. Once the mill is up and running Arabia (and Fencemaker) will be right down the block and will be way more profitable in the near term than the original plan of mining fencemaker and then using those revenues for developing the lithium properties, which may take years to get going..

This was a hugely smart business decision in my opinion.

FLPC

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