Maybe Mavis has been on hold only from a timing point of view because the possibility of the project holding multiple assets I don't know.
PIO entered into an agreement March 14 2016 with International Lithium to earn up to 80% interest in the project for lithium with added potential for add-on values. The project which has established infrastructure including transportation nearby. The claim blocks comprise 2624 hectares and we are told straddle a continuous pegmatite field with a high grading of well evolved lithium and tantalum zones as well as significant levels of caesium and rubidium.
Now I don't know what it all means with the gradings we already have as a look and see and whether with some group discussions with ILC and others saying that with multiple products Mavis could become a very profitable venture if further research and development establish this. Only guessing it's Mavis. There is certainly a need for a lot of other information to be siphoned out along the way as well. More information required.
PIO Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
