RE:RE:RE:RE:RE:RE:Sic Vs Nfg vs LabJknf, Stockpicks,....... Excellent posts.......... Alwayslong?.........not so much
Year round the average depths of the pond runs about 3 meters. Depending on minimal depth of mining, the pond may, or may not have to be drained. In any event, it is a run off pond and could be diverted, or relocated without much fuss Imo.
The 1% lower grade cut off mentioned in the Hard Rock report is a dated generalization.
Remember lithium prices have soared multiples over the past 12 months. I suspect that with current, and projected lithium prices, we may see .25-.30% grades being not only economic, but in fact highly profitable. Lithium demand and market will require this in order to extract sufficient lithium.
We are talking $750 per tonne rock here, which affords alot of flexibility with refining costs. Tim actually stated that he considers 1% ore grade. Throw any one of the lower grade sub intervals of the recent partial hole away and bingo, we're back over one percent. In any event this is one small section of one drill hole...... we're at very early stages.
I was very pleased to see that drilling is so far matching up with surface sampling thus far, and if this continues, we can expect to see drilling grades mimicking till samples, and this will be a great positive.
Here are some general observations:
Nfg has a monster on it's hands and is currently well undervalued.
Lab has had some very good hits and almost certainly will find a big one or two.
Sic is sitting on a large consistent high grade gold find. Limits and depth are in the process of being determined. Can we spell the word MINE? I would still like to punch a few deep holes........We have all the signs of a trophy in wait ;)
Our share price is still being sat on real hard.......I fear another financing :(
Best longs, and ignore the naysayers......they either want your shares or Alwayshort
S