Ann: Rincon Project Drilling Update, page-41

Haha Billy is playing to his own tune once again and probably sitting on the sidelines here after crapping his pants last week... You don't have to be a genius to put 2 and 2 together >>> current sentiment is hold, his posts have a subtle downramp tone about them and sig is all about spruiking gold stocks....  IMO - take what he posts with a grain of salt folks.

So I took a glance at the announcement while thawing out on a gondola but was sort of distracted by some cute Japanese girls sitting opposite, but anyway I noticed 2x new developments in todays announcement...

1.  A quote from El Capitano himself... have we seen one of these before ??  I don't believe so...

Argosy’s JV partner, Pablo Alurralde commented “The drilling results have confirmed greater brine bearing thickness and confirmation of a thick sequence of black sand in the Project area is very positive for future brine extraction requirements. Overall, our progress to date is extremely encouraging and I look forward to meeting our development milestones.”

2.  Ann mentions (for the first time) upcoming PEA / Scoping Study which will provide us with a better understanding of the projects' feasibility, timelines, costings and ROI.

Upcoming JORC resource estimate and planned Preliminary Economic Assessment (PEA/Scoping Study).

The project is progressing well, further boxes have been ticked and Mgt's decision to back PA in with the focus on Rincon has been justified given the drill results to date.  Remember PA has been acquiring shares and has performance options as well as his % of the JV.  This carries a lot of weight in my book to the future success as it all rides on him and safe to say he is very confident.

I'll take a punt and say the next update should confirm pilot plant is good to go with all equipment etc installed and processing S1 concentrated brine is on track.

Not meaning to DR but it sort of makes sense that the remaining 14Ha of S2 ponds and 77.5% should probably come after PA proves he can produce top spec Li2Co3...?

Have a good week folks.... I am