All the best
@Comanche. Have appreciated your input, especially your generous posting of broker data when asked. Cheers.
Although news to date and drop in SP has been disappointing, I still see some value here and continue to hold.
What’s worth noting:
* We are currently drilling fence 4. Fence 4 is the Kalombo prospect. At the time of Tuesday’s announcement, the 29 drill holes that we were told had been drilled to date all occurred on Kania Main.
* take it with a pinch of salt, but JB tweeted yesterday: “ Kanuka Lithium now on fence 4. Moving ahead fast and targeting the widening pegmatites towards the south west and where the drilling has already identified a very well mineralIsed system. Plenty of activity here and looking forward to these results!”
He seems excited about fence 4. Remember: fence 4 is being conducted on a different peg
*from JS in Tuesday’s announcement: “the results of our phase 1 auger drilling program have further demonstrated broad shallow lithium mineralisation in pegmatite hosts at the Kalombo Mushwima prospect area and we may well extend our drilling coverage across fence 4...based on the higher grade auger results now received.”
*looking at the auger assay results on page 7 of Tuesday’s announcement, the 2.13% Li assay came from Kalombo (fence 4 location) from 1.5m depth. In fact, of the reported better results in table 2 on page 7, half of those better results occur at Kalombo, the other half occur at the south-west of Kania, which we are told the peg is “observed to be widening to the south west and will be the focus of further RC and diamond drilling.” This means the other half of the better auger results occur at the location of yet to be drilled fence 5.
Therefore, auger results suggests our two fences with the best potential re Li mineralisation are fence 4 and 5 (the fences we are about to drill now).
Just want to see that lepidolite turn to spod
And as I’ve said before, Kanuka was our throw at the stumps, hence why only 20% of the drilling campaign is being conducted there. Kitotolo is our main play, which we know has the presence of spod .
Selling out at Kanuka to me seems like paying for a 3 course meal and leaving after the entree...the main course is still to come! It could be delicious. And then there’s the dessert
All IMO
GLTAH
Has been a tough week for 4ce holders that’s for sure..
Perhaps a little drink after such a week is in order...and then off to try and enjoy the weekend
Cheers.
