Is lithium the next focus?, page-39

Nitrox,

I've got no issue with MCR. The problem started when I pulled up another poster for making misleading statements. When companies report they are bound by the JORC code which would prevent them from making statements like those. The code is designed to help give accurate, consistent and comparable information dissemination when reporting on mining and exploration projects. It is also there to protect less knowledgable or sophisticated investors from misrepresentations.

Personally I think as posters on HC we should ourselves try and stick within the broad guidelines of that code so as to not misrepresent things to fellow posters. The other guy jumped down my throats for bring a misrepresentation made to the forums attention, they further made the mistake of assuming that everyone reading this forum would understand that when someone claims the company has Li resources they didn't really mean it. I was clarifying a point and then I got jumped on. I then highlighted some other misrepresentations in the mapping and suggested that people need to be cautious about over extrapolating from them.

Clearly MCR have good potential to locate Li resources particularly now that ESR have shown the market that thick feeder zones of pegmatite exist near their northern tenement boundary. If the other poster wants to hold the opinion that MCR ground is more prospective based on their understanding of the geological model for the emplacement of such rock formations they are perfectly entitled but I don't think they are entitled to belittle another poster because they got over excited defending someelse's post.

The pegmatite emplacement models seem to suggest a correlation between the constituent mineral components of the pegmatites and the distance from the intruding granites. It is not ridiculous to assume that if the ESR cores come back showing they have hit the sweet spot in the zonation horizon, then any targets proximal and at a similar distance from the dome to the ESR find will be a good place to start looking. MCR have already basically identified the "nearology" targets that have high priority near ESR's tenements, so no big surprise there. If certain people want to fall in love with the large scale potential along the long edge of the dome that is their priority but I've already explained in one of my earlier posts why that's a low probability option. I'm not going to explain it again.

From my personal perspective MCR is an investable company and has the benefit of cash, nickel gold and now significant lithium potential. The other commodities could turn out to be a blessing or a curse depending on how much cash is thrown at the lithium exploration and how successful it turns out being.

Currently I think ESR are a better bet, because they are a pure play and seem to have found the basis for a resource already. If the grades from the ESR core come back good both companies might get a good lift but I'd rather invest on solid facts, so if ESR cores come good my plan is to accumulate and then keep an eye on both TAW and MCR looking for a point where I can weigh (rotate) some of my lithium holding towards these companies as facts come to hand. In the case of TAW they need to clearly demonstrate that they have a large enough and mineable resource, the rest of the story looks OK IMO, ie wait for more clarity on near surface resources or the FS to come out. With MCR it might be when they start lining up a drill rig on their first Li prospect (depending which one ... you'd assume they'd try and hit their best first) or after they announce some drill results. Chance of them hit anything like what ESR seem to already have are small on the first drill as they'll need to work their way up to diamond core. The sniffs or intersections they might get with aircore or RC will likely be ambiguous enough for a good entry at tha point if warranted IMO. Good luck with this stock everyone, it's by no means something that won't work IMO. It has a lot going for it. Esh