BMG 0.00% 1.1¢ bmg resources limited

Just bought in here thought I would share a little reason why,...

  1. 5,578 Posts.
    lightbulb Created with Sketch. 50
    Just bought in here thought I would share a little reason why, for me biggest deal here are the scans one word resistivity.
    https://hotcopper.com.au/data/attachments/1580/1580880-cfb2d4cc307938ff3e55b84f19f5eb6f.jpg
    Ok big picture big target lots of colors wtf does it mean?

    Short story salt water rich in lithium is conductive, water is not conductive, so as low resistivity represents high conductivity we want to see low resistivity represented by low Ohm/meter.

    So low Ohm/m is good, but what is low Ohm/m? Do we have high or low Ohm comparative to other projects?

    I saw examples of super low resistivity producing poor grades and some higher resistivity also producing poor grades, in my opinion it just tells you if brine is there but it’s no clear indicator of grade what salar it’s on determines that.

    This example I found is a very clear one, Ohm/m values wide range from 0.01up to 10 Ohm/m produced 935 mg/L which is a stellar result.
    https://hotcopper.com.au/data/attachments/1580/1580890-28154e66133fcc6ef8d39c509930148f.jpg
    So what value range do we have? For us the purple is 1 Ohm/meter and below which is pretty much exactly where you want to be, the target holds brine according to this result.https://hotcopper.com.au/data/attachments/1580/1580877-d646c006ca3413c77dff2d82c35b17c0.jpg
    Nothing is a given in this game of course what will the grade be? Only the drill can tell us that, but watching other drilling into similar scans go for big runs it’s hard not be confident here.

    Just one more thing to add alitttle context a quick look at what’s at stake here, we potentially have a long way to go and things escalate on these brine projects very quickly.
    https://hotcopper.com.au/data/attachments/1580/1580819-ecb09c2f64f48e35fb9ef90b5390bf10.jpg
    gl to us all.
 
watchlist Created with Sketch. Add BMG (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.000(0.00%)
Mkt cap ! $6.972M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
7 3101279 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1064583 2
View Market Depth
Last trade - 11.33am 07/05/2024 (20 minute delay) ?
BMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.