Ann: Drilling Update, page-300

Hi mate, I refer to my drilling timetable estimates I posted end of last week.

I've got them roughly 650m as of now and hopefully they hit lithium bearing brines late last Friday.
That would give them about 200m of the good stuff to basement,similar to hole 1.

That doesn't account for drilling/down hole problems like bogged rods. Or the rig can have breakdowns.

It does seem slow but as my old diamond driller friend said it is slow/tough going at these depths with the drilling/sampling setup they've got going.
But by saying that this drilling team and geologists are the experts on the ground and they went with this drilling setup to maximise core recovery to get the best samples they can and to get a better understanding of the geology!

As I see it we can either sell now and cut our losses/retain a small profit (depending when bought in) or stick with it and hoping hole 2 comes through with the goods! I wouldn't want to be selling tomorrow and they then drop the good news the next day or 2 after.

I'm going with the second option personally as even if hole 2 comes up empty then the share price will go down even further but remember that once they start drilling back up near hole 1, ie CSMAT line 2&3 where basement is shallow and ground more proven to contain a whopping 200m of high grade lithium then it will eventually get back up to the 30,40-60c range so it's a win win in my books!

I'm staying strong and long on GLN mate!