Good old fireside chat, page-11135

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1sharetrader1

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07/03/19

15:05

Post #: 37686995
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Originally posted by rjohnson1234 ↑

Lets see if I'm wrong again, but having re-read that ann it says skyline is part of the work to obtain a JORC, it doesn't imo say that LC2 "has" to be drilled.

This lead me to review the gap analysis from SRK and it said

"...Research has shown that when drilling the Skyline Unit 1 well there was flow of brine from some clastic horizons noted. These flows probably correlate with the flows recorded from the Long Canyon No1 and White Cloud No2 wells..." (the 500 and 1700ppm holes).

I forgot about that, if that's true then the skyline result might be "very special"

Also in the ann of 12/11/18 the following is said

"...These additional holes are expected to result in an immediate increase in the size of the JORC resource. ."

In other words as I have said before they have a working draft JORC internally imo and the extra entries are to ensure an "...immediate increase in the size of the JORC resource..."

Accordingly IMO if skyline is a "cracker" then the boffins plug the figures in and they may be comfortable to announce a maiden JORC which could be updated in due course.

The sidelines are full with investors who are waiting and if we get good results the lid gets blown off this stock imo

Trading halt could drop any old day or minute imo!

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Well said RJ.
Nice to keep that warm fuzzy feeling going when you think about the significance of the Skyline Unit 1 zone 31 flowing quit strong.
If we get a high Li result it would be even more significant ,as it means that the area expanding out from the two high readings of 500ppm and 1700ppm correlates to a area of a decent size of high grades ,a decently sized JORC.

ASN Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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