Recover to Breakout on Lithium play, page-82

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NormanW

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09/04/16

13:11

Post #: 17462935
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Originally posted by PoetPlus ↑

Corker makes the strong point that all Lithium stocks had a large boost upwards, so the impression that MPJ was somehow special or has found something extraordinary is not necessarily valid.

Contraindicator states that.. they are out there in the field as we speak, and looking for rocks. (site unspecified)

This discussion has been had here before and experienced heads have said that real exploration cannot (properly) start on The Pilbara Project (other than the very basic and non-systematic and completed due diligence work) until after the tenement is transferred, which is still some way off.

..and the new Wodinga East Project has only "reached an agreement to acquire". (quoted from announcement)

Although they shout on Page one "Initial exploration activities already underway" on 29th March, later in the announcement they modify this hype by saying that it is "project evaluation" that is happening.. "via compilation of all available geoscientific data sets, detailed mapping, sampling and mineralogical investigation."
NOT formal grid sampling-work or drilling. But good stuff all the same.

Just desk geo-homework from past data, including that of Atlas.

Roe Hills for gold is a different matter. They may well be doing something there but unless they say otherwise I will presume that they are not.

It is homework time for the technical people at MPJ. Drilling comes later.

It seems one has to be very prudent in what one can do on site before a deal is actually complete, and I have fallen into this trap before with MPJ.

The sample, which is great at 1.6% Li2O (industry standard method) is right on the Northern Highway!! Geez.

It is clear that the lads merely stopped on the road for a beer, grabbed a few rocks where the road grader had disturbed the ground and hey presto!! Imagine what would happen if they really tried! The mind boggles. So on that basis alone one could upramp happily... and confidently.
All extravagant predictions of Share Price welcome.... nothing is out of the ball park with these MPJ guys.

Expand

Yes,
Nonetheless..... The show goes on and looks very promising

MPJ Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Recover to Breakout on Lithium play, page-82

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