Post by
BlueChipper2020 on Feb 16, 2023 10:02am
MY TAKE
Nice to see they are starting a new larger 5000 metre program. I think the size of the land package with other zones stands out today.
I learned a bit abut lithium and lithium juniors in the past month or so. I took a position in one lithium junior about a week or so ago. When I looked at its stellar results along with some other juniors with stellar results, they had a lot of assays similar to SIC however have done a lot more drilling. What makes them stellar is intersections of over 100 metres x around 1.5% lithium with some hits, for example, of say 50 metres x 3% to 5% lithium. Such juniors have dramatic stock movement whenever they hit one of these. Tonnage adds up fast.
In SICs case, my view as a beginner, is short intersections around 1% do not excite the market per say, however it is early in drilling and this is a massive land package. Further, SIC has a lot of rare earth metals on this property. One decent hit and we trade at $1. I view this as a free option on top of Moosehead.
GLTA
BC