A picture paints a thousand words:
Just to remind everyone of the ANN 04-10-2018 for the Geophys Results:
https://www.asx.com.au/asxpdf/20181004/pdf/43yyqbj99l4fbl.pdf
“The 6 CSAMT lines show very conductive and shallow units that are compatible with units being saturated with brine, which constitute a great potential for lithium exploration”. The extended survey has shown that the conductive materials are more laterally extensive than previously expected and suggests that highly conductive brine could exist below younger ignimbrite formations indicating that the potential of the project to be much larger than previously thought.
Looking at the CSAMT for line 1, looks like JP has a choice of three targets to choose from - all of which may prove to still be open at a drilling target of 600m!
And just to finish up and shine a light on this .... GXY post-tax NPV for their Sal de Vida reserve is US$1.043 Billion at 10% discount rate (https://www.gxy.com/projects/sal-de-vida)..... and their current drilling program, just a tiny 1km away from GLN, is targeting to increase their reserve size!
GLN current market cap is ~AUS$35m
(Um... anyone got a calculator?)
A picture paints a thousand words: [ATTACH] Just to remind...
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