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  1. 9,232 Posts.
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    Hi Binwood,
    " I then went on to tell you I thought you were wrong and explain why I thought so.

    I am hardly putting the boot in."

    OK , Sorry, that was a bit harsh to you, but read some of the other comments.

    Most of the points you mention, like in regards to KDR, I currently agree with, but they have more large pegmatites to drill yet, so is a bit early to say much about what they have. Likewise for ESR, they have a couple of large good looking drill cores, from 500m apart, but not even sampled yet.

    I agree that WA is well endowed with different types of mineral systems, yet when we look at statistics, it does not have the 5 largest deposits of anything that I know of, so I find it extremely unlikely they will end up with the 5 largest hard rock Lithium deposits either, but it seems to currently have them.

    In a photo on one of ESR's recent announcements, was a photo of the drill core "library" for lack of a better word, at Kalgoorlie. There is a massive amount of drill cores stored there. I have no idea how anyone gets access to the drill cores on their tenements, but just by the size of it would take a long time to go through it and look at all the cores, or even the records of what is meant to be there.
    Because it exists, I am expecting other WA based companies to 'find' spodumene in this library.
    Whether other states or countries have such a system, I don't know, but it is what has allowed KDR and ESR to make their 'discoveries'. and there does seem to be an uncannily high number of large finds in WA so far. IMO as people get more serious about looking for spodumene, more will be found, and giant deposits of 100Mt+ are turning up already at an unusual rate in WA.
    They have Greenbushes, Pilgangoora, Mt holland (KDR), Mt Marion (NMT,et al), and possibly ESR area, and then the Wodgina area, (not even searched in properly, yet)

    Everywhere else in the world, currently Zero huge spodumene deposits (over 100Mt), seems extraordinarily unlikely to me.

    So when asked what I was thinking of I just mentioned it as something to watch for in the future.

    IMO there is nothing that you can buy and hold forever stock wise, as everything seems to have it's time in the sun then eventually folds. We have not even reached our 'time in the sun' yet, but when we do get there, then other discoveries are something to watch out for, as their development will definitely have an influence on us in the future.
    Sorry to try and think ahead for those that want to put their heads in the sand, but IMO we are likely to get some more High grade huge spodumene discoveries around the world. Statistically WA seems to be endowed with an unusual percent of the worlds hard rock spodumene discoveries, something that usually rights itself over time again IMO.
 
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