OTCQX:AVLIF - Post by User
Post by
GoldenEye420on Jun 22, 2018 10:15am
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Post# 28212219
Full technical report due for release soon. Rare buying op.
Full technical report due for release soon. Rare buying op.Extract from their last release/report:
May 23/2018:
Advantage Lithium intends to submit a full technical report within 45 days of this filing, in accordance with the requirements of National Instrument 43-101 (NI 43-101) to support the conclusions presented here.
Richard Seville, Managing Director and Chief Executive Officer commented "We are very pleased with the results from the programme so far which has delivered a six times increase on the prior resource estimate. Three million tonnes LCE provides a solid basis for a Scoping Study/PEA and there is a significant exploration target from which we will build our resource base further. We will be completing the Scoping Study/PEA during this quarter and then will progress to a definitive Feasibility Study for a potential 20,000 tonnes per annum of Lithium Carbonate. I commend our partner and JV manager Advantage Lithium and its dedicated management team for delivering this quality programme in such a short period of time and we look forward to continue working with them on the Scoping Study/PEA."
Needless to say, with such positive results - expect a rise in sp back to normal levels. If you're long, hold tight and accumulate if possible.