Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:RE:RE:RE:Doris result

[polo11]

You can play with words; reality is that:

I was told in late may

- Financing at min 1.50 and later in june min.1.35  - Reality 1.15 with half warrants

- Off take by end of Auguat - Reality is an agreement that analyst cannot name kind of contract Not even a binding LOI

- Summer drilling campain will min, double the resource - reality is an increase of around 38% - and a winter drilling campain will increase it.

Wishfull thinking damage credibility and that why I took a lost late auguat and September.

If I was told the they will increase significantly the resource ( because 38% is sighificant) I should see today release very positive - but when you expect a double - 38% is desapponting .

When you expect an offtake and you don't have even a binding LOI - It is desapponting

siqon55 wrote:

So they meant this NR is updating the resources for the pit shell not below as the last 43-101 did?

 

another masterpiece from NMX PR... 

 

If my understanding is correct it would mean that the 43-101 will be based on open pit only calculation which would drastically reduced the production cost ...right?... but if is that their new strategy why don't just saying that in plain language... 

"The portion of the block model located below the optimised pit shell is not included in the updated Mineral Resources. The company is currently preparing a National Instrument 43-101 format updated Feasibility Study on the Whabouchi project, which will include the updated Mineral Resource estimate."