Ann: Widespread high-grade lithium mineralisation at Kanuka, page-116

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Zammita

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10/12/18

14:28

Post #: 36807083
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Originally posted by Roostar ↑

I'm not so sure about the current results demonstrating that the known resource will not be viable. There is still plenty of more opportunity available.

My understanding is that the quality at surface is quite similar to our neigbours, just in ribbons. There was one area that appeared to widen with result of 1.7% and 1.8% Li, indicating the possibility that they may still strike some thick chunky sections to come.

Also, because we are partnered with MMR there is plenty of equipment already available which can be utilized to get down to the better quality material (they are already mining it).

Personally, I was never expecting 4CE to strike 280m chunks like AVZ, but infact be more inline with TTX's ribbons... so far I have been correct. But who knows what else will appear with further drilling down to where I feel they should have drilled from the start. In saying that AVZ had much more historical data to use prior to trenching then drilling.

4CE have less historical data, but a smaller share register and MMR who have equipment at thier disposal to assist making some aspects cheaper than our neighbours.

IMO the market wanted to see AVZ style hits...this was never going to happen.

With pricing back down to pre Kitotolo days there is still plenty of upside from here....not so much if your average is 8c. :-(

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IMO
One factor l see theres no mention of spodumene.
The sp would of held up better if
spodumene was present.
The geologists on site would have identified spodumene if it was present in the mineralisation.

4CE Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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Ann: Widespread high-grade lithium mineralisation at Kanuka, page-116

Top Stories

Sales growth pushes Lovisa's fortunes (and shares) upwards

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

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