IMO One factor l see theres no mention of spodumene. The sp...

First 116 Last

Share
Profile

Follow
Zammita

552 Posts.

124

10/12/18

14:28

Post #: 36807083
Share

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. :-(

Expand

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
4 Upvote

0 Great analysis

Reply

Top Stories

SIG

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

LPE

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

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

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

BTH

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

DUI

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 43 more messages in this thread...

First 116 Last

Add 4CE (ASX) to my watchlist

IMO One factor l see theres no mention of spodumene. The sp...

Top Stories

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

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

Scientific conference spotlights PYC's work on blindness disease treatment

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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

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

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024