OTCQX:AVLIF - Post by User
Comment by
Target10on Nov 21, 2016 1:17pm
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Post# 25490457
RE:How much value?
RE:How much value?I am assuming we will get more news once the current drilling is completed. Undoubtedly there will be value here as it is right beside the Silver Peak property, which is the only producing lithium mine in North America.
Ross McElroy, Technical Adviser and Director, of Advantage Lithium, commented: “We’ve encountered strong lithium grades and TDS results in brines with our first hole at Clayton NE, comparable to results reported from several wells on Albemarle’s operating mine right next door. This is a tremendous start to our drill program and is a strong validation of our recently completed 3D Resistivity ground geophysical survey (see News Release October 18, 2016), which successfully identified highly conductive horizons, interpreted as brine formations at depth.” aucontrairenow wrote: My prob is I just don't have the knowledge to know what kind of drill success translates into how much value. I got in early so for me is a bit of trusting the good people running it, and hoping for good hits and continued high Li prices. Any light shed on how to value this Co. is appreciated...