So due to great news the SP drops again. Bl... typical. What...

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Guemar

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27/03/19

16:18

Post #: 37903290
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Originally posted by wombat777: ↑

Some very interesting things in this announcement that are quite important:
Internal scoping confirmsopportunity for fast-track development
They are taking a second look at drill core from 2017 to ensure that is assessed to consistent standard as the 2018 core ( now I recall from previous company general meetings I attended that NVA were not happy with the performance of the contractor they used for the 2017 exploration, hence the appointment of Dale Schultz to directly manage exploration )
Announcement suggests there is lithium enrichment beside ( or either side ) the main resource. Makes me wonder if they can increase the size of the resource quite easily with additional step-out drilling.
http://www.canminx.ca/index.html is the same consultancy that Dale Schultz has previously worked for. Now it is very, very interesting that Carey Galeschuk also works for them ( and has specific experience – 12 years – with Li-Cs-Ta exploration from working at the Tanco mine ). They are also using Frank Hardy from Canmine as their Independent Qualified Person for resource estimation. So in general they have engaged some great experience. The very people you would want for fast-tracking it.
Consultant recommends testing for Tantalum and Cesium ( this could substantially improve economics … much like both PLS and A40 are doing with Tantalum credits )
The Tanco Mine is the original Lithium / Caeseum mine in Canada ... and it has processing facilities
A Chinese firm ( Sinomine Rare Metals of Beijing ) recently purchased the mine, however it is an old mine and I believe much of the reserves have been depleted …. could mean interest in the material that Snow Lake Resources has at Thompson Bros ( and fomrer Cabot staff above have been looking at it ):
Article on Sinomine Rare Metals buying out the mine ... https://www.rubbernews.com/article/...o-sell-specialty-unit-to-sinomine-rare-metals
"The good stuff has all been mined out" ... https://winnipegsun.com/2013/03/13/...taff/wcm/71be24d1-37a9-4192-8bb2-c892d6634e9e
https://miningdataonline.com/property/977/Tanco-(Bernic-Lake)-Mine.aspx

https://en.wikipedia.org/wiki/Tanco_Mine

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So due to great news the SP drops again. Bl... typical. What does it take these days to get a positive reaction?
NVA Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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So due to great news the SP drops again. Bl... typical. What...

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