Post by
BlueChipper2020 on Apr 07, 2023 8:10pm
GARBAGE POSTING
I do not really pay much attention to this board recently as most of the posts are garbage pumping non sense. SIC is valued exactly what the market wants it to be.
Its lithium project is very early stage and lithium prices are down since there is no shortage of lithium per ELON MUSK, and the tought part is the refining of lithium. That is why Tesla is buiding its own lithium refinery now in Texas. It will be done in less than a year. SIC has NO LITHIUM DEPOSIT. We have drill results at this stage which does not translate into a "deposit".
SIC is a junior gold explorer. It has been about 7 months since Hole 463 followed by geological studies ect. It has been 2 months since Hole 505 which did not tell us a lot about this area since it missed its target for the most part. Drilling around Hole 463 started in mid January and we are now in April.
Things are moving slow and no guarantee of what comes next.
Tim on a recent podcast about a month ago stated that if SIC ever did a resource estimate of Moosehead it would be good grade but a low number of ounces. He made that perfectly clear in terms of ounces. Some posts on here about 5M ounces?
I do not expect a monster hole but the next Moosehead PR likely a cluster of holes. We will see.
The market also does not need to be reminded of drill results over and over again. Small retail fish surfing BBs do not move this stock price. The smart money guys and big boys know exactly what is going on here. They do not buy hundreds of thousands of shares or millions based on what is written on a stockhouse BB.
GLTA
BC