Post by
london6ers on Mar 19, 2022 4:07pm
parole lake
As a comparison, Rocktech's parole lake has 1.5 million tons Li at 1pct plus from 360 meters of strike length and to 150m depth. The Jean Lake pegmatites are considered almost identical to parole lake due to composition and proximity , literally next to each other. 600m+ of strike length at Jean Lake would lead one to believe there are about 3 million tonnes there. That would explain managements goal of a small 20k spodumene Li concentrate facility from Georgia Lake.
I think they can triple that amount (60k) from Forgan/Lucky Lake. At $2,800 spodumene Li this company can generate 120 million in after tax income per year over a 9 year mine life. Back of the napkin estimate but you can really see the upside here!