RE:RE:RE:RE:Tuesday is news day!everlast3 wrote: The last news release had some pretty good numbers, theres mines with less % and a much higher stock price. Could someone please expain.
The last news was from one single dyke, LU D12, from which we had very good rock samples and also very similarly good historic results. So despite the good news it did little for the SP. Also because the LU D12 dyke by itself does not make this a commercially viable project. So more Lithium need to be found. We are now awaiting the channel sample results from 3 (!!) other dykes which HL1, HL3, and HL4. From these dykes very little is know but spodumened was visible identified during the channel sampling and some results were off scale (i.e. very good). If those three dykes are of similar quality as the LU D12 dyke then this may become a commercially viable project. The SP should then rerate to reflect a MC of about 20m$ in my opinion, i.e. a SP of $0.40. But will depend on the results!
So we are waiting patiently....