Time to share some DD - Merry Xmas FAT (91million shares)
FAT has historic lithium of 1.8 million tones FROM DYKE 1.
FAT has 7 Dykes (as per map on latest NR), although, I’m sure I read they’ve found 9 Dykes.
These 7 Dykes are on FAT original land claim.
FAT massively enhanced their land claim and this could hold many, many, many more Dykes.
ABR, which is located quite some distance from FAT, announced similar geological findings to FAT that make it extremely probable that the land is full of lithium in the location that FAT has (volcanic incident?).
NVA (formerly QUR) have 80% rights to ABR.
FAT, NVA, ABR have been meeting with one another. They also have a memorandum of understanding to help locate the best areas to drill.
FAT management is second to none.
Manitoba is a mining friendly province and transport links are good for FAT.
FAT proven tonnage from Dyke 1 could be any time and is likely to be greater than the historic figure. Proven tonnage for the rest will take a little longer, but lots of good news to come, I’m sure.
In 2018 this could start proving itself to be the largest lithium mine in the world on it’s own and especially so, if it is combined with NVA/ABR.
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Now compare FAT to LiX (89million shares).
LiX value per share versus FAT. You do the math.
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FYI: this is what LiX has to say on their website (note the tonnage):
The Company’s wholly-owned flagship project is the Sal de los Angeles lithium brine project. Subject to the completion of the Orocobre Agreements, the project consists of 8,854 hectares covering 100% of Salar de Diablillos, and has a 43-101 mineral resource estimate of 1.037 million tonnes of lithium carbonate equivalent in the indicated category and 1.007 million tonnes of lithium carbonate equivalent in the inferred category. The Company’s second Argentinian project, the Arizaro lithium brine project, consists of 33,846 hectares covering part of the western and eastern portions of the Salar de Azario, one of the largest known salt lakes in the world. In Nevada, the Company consolidated its Clayton Valley holdings with those held by Pure Energy, in the process becoming Pure Energy’s largest shareholder, holding 19.9% of Pure Energy’s outstanding common shares and share purchase warrants that, if exercised immediately, would increase its ownership interest to 22.5%. Pure Energy’s combined holdings in Clayton Valley consist of more than 10,500 hectares (approximately 26,300 acres).