SIC in 2023Results have been painfully slow to receive from the lab and it has undoubtedly hurt our share price in the short-term. Despite said delays, I think its fair to say we still have a lot to be excited about. I would love to see holes 512, a and b, finally knock it out of the park and open many more eyes to the moosehead story, but I am keeping my expectations fairly muted for the next news release. Despite this, I really do believe it is only a matter of time before we delineate the jewellery box on the property. Thick, bonanza grade intersections like hole MH 463 had to of come from somewhere. That "somewhere" should be discovered this year.
My only real "concern" is that market expectations can tend to run wild sometimes. Living up to said lofty expectations can become challenging, which can cause more short-term pain to us shareholders. The longterm outlook has not changed one bit, and that is why I am LONG on SIC - I can wait. At Tims most recent interview at the emerging growth conference in late March, he did say at approximatelty the 28:00 minute market " it appeared they intersected the intended structure" in reference to holes 512, 512a and b. I am hopeful we see results on these holes by mid April at the latest. When I called and spoke with Cathy earlier this week, it did sound like Tim was expecting results for these holes by the end of March, which has subsequently come and gone.
I look back on the share price run of Spring/Summer 2021 as a premature run based on the wrong reasons. We had some excellent results by then sure, but I think we ran hard on the hype and exposure of the reuslts Newfound Gold was putting out. They brought a ton eyes to the Newfoundland gold rush, and thus we ran prematurely. In 2023, I really do think we have the potential go on another run, but this time for the RIGHT reason - our results. We need high-bonanza grade intersections at Moosehead to continue (a), no question, but we also need consistency in the delivery of said results in order to build momentum in the shareprice (b). While (a) is undoubedly more important than (b), the importance of (b) cannot be overlooked, especially in junior mining. Consistency and monentum are key.
The Golden Hope/Kraken J/V with Benton I am (to my surprise) almost as bullish on as I am with Moosehead. The land package is huge (78,000 hectares) and only 18 holes have been drilled to date and roughly 10% of the property has been explored. If further drilling indicates longer intervals of above 1% LI02 then we could see our shares rerate themselves extremely quickly on this alone. It's too early too early to list comparables, so I won't, but what I will say is longer intercepts of above 1% have led to the emergence of several key lithium explorers in this space over the past year or so and I am sure many of you can peice together a few of the companies I am refering to.
The cesium is an exciting addition due to how rare it is. In Tim's interview at the emerging growth conference, he said it seems very likely that they find a lot more of it (linked below). To be clear, I am not saying we have a significant deposit yet. What I am saying is that our early results absolutely, posively warrant significant futher exploration efforts. Tim is clearly VERY excited about our chances of uncovering something significant, and I think the early signs warrant said excitement.
Cheers & GLTA
Emerging growth conference interview: https://www.youtube.com/watch?v=-cymPbewPF8