A few days ago I predicted it would likely hit 7c, 78% fib retrace from previous high, well, nice bounce today and with Long Canyon 2 results due in a week or so, I am predicting we have seen the low for now as we focus on those drilling results, market, I believe, really wants to see 250ppm + just to confirm in their eyes that ASN can comfortably produce Lithium carbonate and Lithium Hydroxide, 193 ppm @ skyline was a step in the right direction, 250ppm would almost eradicate any doubt the project may have.
Sure, alot of work needs to be done with the processing plant, the chemical side of things, but if market knows they have the feed stock to get the job done, then maybe the shackles will get released and this SP can have a bit of a run.
AIMHO
ASN Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
