RE:RE:This could end up as big $$$$ for SICsurething1111 wrote: Kewl, not so fast my friend,
At even a 1% LiCo2 grade, this translates into 750 usd. Per tonne rock, into 10gpt. Gold equiv. Given the apparent size and scope of this lithium body, I would be more inclined towards drilling it out and at the very least spinning it off into it's own entity. We are of course a mineral company after all.
Perhaps we'd best wait for the drilling assays before getting ahead of ourselves.
Lithium demand will remain strong due to 2 factors:
1) Electric vehicle production is exploding
2) Global lithium deposits remain limited
I absolutely love the Moosehead project, and is the reason I own Sokoman, but this lithium find has the potential to dwarf even that.
Fingers crossed on upcoming assays
Best longs
S
Surething,
I agree with all excellent points in your post. I am also not a lithium investor and even Tim said he had to get up to speed on it [paragphrasing]. Tim has previuously stated iidea to spin out into separate company is with the board. Expect assay results from the 1st hole next week per Tim and he is very excited about this 1st hole. I would say giddy. The spin out makes sense since that is a separate class of investors. However, the company is moving forward with Benton on it since it is simply too good to pass over.
This company is a great junior and it takes time for the herds to aim at us. We are ahead of the herd by far.
BC