These deep sections of LiO2/Spodumene are very promising so far. Although not converted to true depth, they are very good. The next round should be able to confirm or otherwise the extent of the Lithium deposit.
I believe they will have formed a good picture of the orientation of the existing lithium lenses and with the previous results providing encouraging vectors for further exploration, we could see some very exciting hits this time around.
Yes it’s deep so far, but if the grades continue to be >1.5% then underground becomes commercially viable. We could get lucky here with deeper, more extensive and more concentrated Lithium, especially if the % spodumene remains high.
There is some negative commentary making its way to the forum here and some of it is well thought out and reasonable.
“Potential” gets a bit tired for many and fair enough. I find personally, the potential here unique and compelling.
NiS, Li, Co Au and Cs. Pretty unusual to have possibility with all.
Yes there are a lot of shares on issue, but market cap is the key to our valuation.
Shotgun method is fine with me as it gives us great opportunity to at least get a hit somewhere.
You just need one hit. One good hit and you redefine your MC.
Here’s to that happening in 2018.
PIO Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
