Post by
neosceptic on Sep 13, 2021 9:47am
Waiting for drilling results
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.
Comment by
RuudinFrance on Sep 13, 2021 2:40pm
My 10M estimate, a couple of years back, was way off then :-) Off in the right direction though. Have fun.