Brunswick Exploration Inc V.BRW

98% chance of failure / EXPENSIVE

[deepoil0808]

Killian stated that the chances of finding lithium that leads to a mine are 2%.    That means a 98% failure rate.

Very expensive market cap for a 2% chance.

Mirage has therefore a 98% failure possibillity.

Tier 1 lithim discoveries are indeed very RARE.

Odds are against you on this all or nothing bet at Mirage.

Good Luck

[geolteacher]

deepoil -  think you may be misunderstanding the comment that 'chances of finding lithium that leads to a mine are 2%.' I suspect Killian meant a 2% chance per each distinct (separate) cluster of LCT(?) surface rock locations that has signficant lithium content, or perhaps 2% per each distinct LCL pegmatite swarm, or 2% fore each really long and wide LCL pegmatite. If BRW has 100

[Pennytodollars]

I am having trouble following your explanation. Is the 2% rate the overall chance of finding lithium in a inventory of projects (whether lithium bearing or not) or, is the 2% rate the chance of finding economic and mineable lihtium among an inventory of only lithium bearing pegmatite? Your response is appreciated. jmho