Is lithium the next focus?, page-30

Actually I wouldn't be too sure myself. Some people that read hot copper and invest wouldn't have a clue as to the difference of a few squiggles on a map and a resource.

That map MCR has put out shows the pegmatites mapped in that LCT corridor as having thicknesses of hundreds of metres when compared to the 3km scale displayed in the top right hand corner of the map. These thick pegmatites are mapped as extending for more than 15km on the eastern part of their tenements. This map is misleading in my opinion. For starters, if that map was anywhere near accurate we might as well shut up shop on the lithium boom, MCR would put everyone else to sleep, with thick plus 100m pegmatites at surface extending for 15km ( a Muhammad Ali knock out blow of collosal proportions). Meanwhile the cheeky cartographers at MCR show ESR's pegmatites occurances as a few syphilitic little specks.

The reality as I understand it is that pegmatites are often found in swarms of abundant but thin, largely uneconomic occurrences, that would have to be very near the surface and very close together to be considered for mining on a large enough scale, together with larger and more voluminous occurrences that act as feeder zones to the swarms. The exact chemical and structural ingredients for the formation of these larger economic zones will be complex and not necessarily easy to explore for so having existing drill core through such zones is a big advantage and a big head start in defining a resource.

ESR have proven drill results that point to the existence of one of these voluminous feeder zones existing on their tenements. MCR has yet to show any evidence of this. Relying on maps that show the pegmatites to be so far out of scale as to be laughable is not a thing that I'd be taken to do personally. There are some good things going for this company but at this stage a lithium resource is not one of them. Esh