Some of your assumptions are a little simplistic there Toro.
No offense, and dont get me wrong, love your work here and keep it coming.
A couple of points though and some thoughts for discussion.
Basically artisinal mining does not neccesarily constitute a feasible mine development. I have come to learn this the hard way. I invested in a company based in Niger who had some excellent hits over old artisinal workings 2m @150gpt, 6m @ approx 20gpt. That company is no longer exploring these tenements. So basically artisinal workings indicate prospectivity, a bit like rock chip samples. Drawing too long a bow is a dangerous game.
In saying all this Cardinal resources found Namdimi via artisinals (7mill ounces) - so it can work... doesnt mean it necesarily will work.
Without really knowing much about the iron ore assets I like what you mention there about Assore and Sumitomo onboard for this. Africa is yet to be built. Yes there is iron in the Pilbara but a bit of nationalism without the world losing the plot could really do the trick. We are in unprecedented times of rapid change. Give it 5 years... we could be looking at a different world.
The lithium intersection is fantastic. So what is the mkt selling this down for?? The cynic in me says this is a one off intersection and the peg is not continuous (note- this is not backed by any evidence - a cynical assumption) .
That doesnt matter. We are now hugely prospective for lithium as you say.
Im still all good. Im just trying to figure out the dynamics here.
On a positive note the whole mkt is depressed as hell. Not unlikely we are due a rerate. Like most resource stocks.
Are we being pushed down for the move up??
DGR Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
