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bwahid

159 Posts.

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31/08/18

12:23

Post #: 35324336
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Originally posted by wenty ↑

Agree...let’s wait and see what results we get from BOTH Kanuka and Kitotolo.

Obviously, and understandably, most punters are currently focused on the lack of results at Kanuka, rather then the potential of Kitotolo.

There’s no doubt that IF Kanuka comes up empty, then 4ce becomes more riskier, more of a gamble.

But the way I look at it: imagine if Kitotolo was owned by a seperate entity. A seperate entity about to embark on a 16,000m drilling program on +3km of peg, along the same mineralised trend as AVZs world class and worlds biggest Li resource, where spod has already been identified from trenching work, where high grade of 2.15% Li20 has occurred...with this entity having a current MC of $11 mil.

Would I take a punt on this entity?

Damn right I would!

Thus, I continue to hold 4ce.

If SP is falling the closer we get to drilling Kitotolo, I will probably look at buying more.

If I were JB, this is how I would be spinning it at Africa down under. Would think there would be new investors who would see the potential of Kitotolo and value at current MC.

IMO

GLTAH

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Good summary. I'll be taking the same position regarding buying more closer to drilling at Kitotolo if SP falls any lower ... Right now macro environment doesn't look good so I'm fine just holding what I have and seeing when news comes etc.

Last edited by bwahid: 31/08/18

4CE Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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4CE Chart, page-914

Top Stories

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