RE:Waiting for drilling resultsHi neo,
We need news, and are waitting for the news, possibly this week, maybe tomorrow. It has been 3 months since the last NR.
I more expect 4 items from this NR.
1 Pilot plant progress and results;
2 Upcoming Resource Expansion Drilling plan; its Spring season now in Argetina;
3 DFS progress, and completion and releasing timing; and
4 Most importantly, progress of Financing/Partnering.
Regarding your "Waitting for Drilling Results", NLC hasn't started drilling yet, possbly another 2 more months, and that's the least I am expecting.
tiger
neosceptic wrote: The DFS and financing is definetely dominates the agenda as they will add value (with huge variations) more than any othe actions.
The drilling results still very interesting. Considering a growing demand, the size of deposit will be watched closely by all players.
Present resource is impressive 7.5M high grade resource
Just to remind from last press release:
"Of the 56 holes used for the mineral resource estimate, nine reached the basement at depths ranging from 50m (in the western boundary of the salar) to 647m"
That means that 47 (!!!) of 56 drills (80%) did not reach its maximum potential. Plus, geography of the deposit is not fully known, salars could be, and probably are, broader than presently mapped. Finally 24% of all resource sit next to the floor (same June 9 press release) and, again, 47 drills did not reach it...
NLC may easily sit on 20 - 40M resource. Even if we take lowest 20, applying super-conservative 50% recoverability and $15k/ton price we will get $150 billions inflation protected worth resource.
Of course, present drill results won't increase the resource by so much (only 3-4 deep drillings is planned), NLC will keep growing for a while.