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20.0¢ firefinch limited

You should be honest with your grade, you can't just pick up...

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8horse

34,311 Posts.

9009

30/01/18

14:34

Post #: 30665173
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Originally posted by lurker ↑

Thats a bit rich isn't it though?

Your world record 235m is only .01% higher grade than the worst of our dozen or so highlighted hits. Multiple hits of 60m+ well over 2%.

Once you reach a certain mt, which BGS looks sure to reach, grade and metallurgy are king and BGS has a deposit of which is already proven world class in these.

So enjoy your unproven 1200mt and your 150year LoM or 50mtpa operation with massive dilution.

Ask yourself, honestly, considering shares on issue fully diluted market cap and % ownership, who is more likely to multibag from here?

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You should be honest with your grade, you can't just pick up highest grade to compare the average. BGS' existing JORC grade is 1.37% Li2O.
The other one has pretty of intervals over 3% Li2O.

All lithium stocks are driven by upcoming exceptional electric vehicle revolution, that's why lithium boom is great. In 2020s, there would be much more demand for 10mtpa or higher. That's why we need a monster deposit. imo.

BGS Price at posting: 65.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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