Is it end of Dakota Minerals (ASX: DKO)?, page-14

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nkl

274 Posts.

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16/07/16

17:42

Post #: 18286192
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Originally posted by Obe wan ↑

Not much difference in grade between PLS, AJM and DKO? Sure there was so decent bores nkl; just a pity it was too and far between, that the difference, it was open at depth alright and just kept dropping off and not much good ground between the really good bores, hence those grades are just eaten up / diluted by all the uneconomical ground in between. The first set of results from phase one were good and certainly got the market worked up; the final set from phase one had the market clearing as it answered many peoples question of what was in between the initial bores; results Phase 2 results are poor and I think the market agrees.

The volume isn't there, they'd need in the region of 15+ million tonne to mark to make it economical to mine; they have no where near that. The market won't accept phase 1 / stage 2 results because the result ain't anything to invest in. DKOs SP ain't going to increase 65-75% in the next few days based on Lynas; there's zero connection between DKOs SP collapse and the drop in the SP of PLS / AJM, DKO can't be compared to either of those. maybe something from Portugal will raise the DKO SP ; DKO were running on fumes , Is this the end of DKO? No, but only for that CR , it may well have been.The $12+m certainly gave them some breathing space which would have been a change for sure.

Anyway best of luck with Lynas if you believe in it..

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Please don’t give negative comment about DKO if you are not holding it. Results of one of Dakota’s three Northern Portugal Projects were nowhere near to Lynas Find Project (@ Western Australia).Please do refer to below post,
http://hotcopper.com.au/threads/high-grade-lithium-results-produce-drill-targets-in-portugal.2812536/?post_id=18271336

If Phase-1 & 2 drilling results of DKO @ Lynas Find Project is flop then whole projection of Pilgangoora Region in Pilbara [Western Australia] having one of hard-rock Lithium resource claim in the world will be questionable and of course everyone who operates in that zone will be impacted sooner or later in similar way.

Best of luck to you too.

DKO Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
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Is it end of Dakota Minerals (ASX: DKO)?, page-14

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