MCR 0.52% 96.5¢ mincor resources nl

Is lithium the next focus?, page-32

  1. 11,185 Posts.
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    I corrected someone elses false statements. You are the one that came out to protect/defend that poster who frankly I have little respect for from the KDR threads (typical no information or false information ramper to me).

    If you have got hung up about how great MCR's lithium prospects are based on that one trumped up map and a couple of announcements (or is it only one announcement...I've forgotten), that's your business.

    You yourself admit that ESR are in a better potion for having those cores.

    On that basis it is my opinion and personal view that I'd rather not spread my money across both stocks. I see ESR having more chance based on the information currently at hand so I see more prospects for short term price increases in that stock based on lithium exploration. Their cash and other commodities are another thing again.

    If I personally believe that MCR share price could rise 25% in the next few month while ESR could rise 75%, my investment instinct tells me to put all of my lithium money on ESR. If that expectation changes and I think they are even bets (ie they might both rise 50%) then I'd probably spread my money between the two.

    This forum on MCR is more than a geology forum, it should also be about share price expectations. To me MCR got pretty carried away with the width of their pencil lines and I think your commentary, although adding to the regional understanding of the two stories, overemphasizes the company's lithium potential based on what they have published so far.

    For me ESR are entitled to take more poetic licence with the thickness of their pencil lines as they have some compelling evidence in those core sheds of at least two voluminous pegmatite feeder deposits. In fact if you look closely at the MCR map (that you seem to have fallen in love with) MCR's priority targets are clustered near the ESR tenement boundary. Maybe it's not just me that sees the potentiality for the right chemical and structural conditions to exist at the "pointy" ends of the granite intrusions.

    I've been in this game long enough to see an archetypal case of nearology when I see it. They've still got a lot to prove before anyone can run around boasting about the company's lithium resources, as seems to be already happening on this thread, with your blessing.Esh
 
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