UPTREND throughout September 2023Todays news release affirmed what Killian told us at the beginning that the success rate is 2%. Finding and discarding barren land was not a surprise.
The objective was always to scope the land, test the pegmatities for evolution and chemical formation and, then to concentrate on those with the most potential, all done with limited cost.
I am invested in NILI.V and they are only working on one Nevada which is successful and, they are talking about a 20x to 80x return. So quality and not quantity is what yields success.
A few weak hands sold today and will be buying at much higher prices in September 2023. I saw this on RECO.V when investors were chasing the stock. I expect us to break to new highs as drilling begins.
James Bay area is becoming the capital of the world for lithium and, we hold 250 pegmatities in this area + 150 boulders filled with lithium.
If we hit one 50 to 80 meter in a drill hole with grades of 1.3% it will yeild us a market cap similar to PMET (giving the hot area and proximity to PMET).
Summary of lithium properties of interest:
We have one (1) major CORE project: Mirage (is 3X PMET size)
A second significant project: Antacau Main
Of lower significance: Anatacau West
Wild card: Plex (100 pegmatities)
Unknown: Myrthl and Elrond
Note: If I were Killian I would be moving the geologists to prospect the Plex land ASAP, while we drill Mirage. You want to hit when the iron is hot.
Good Luck,