ADV 0.00% 13.5¢ ardiden ltd

Ann: Pickle Lake Gold Update, page-12

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  1. 6,455 Posts.
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    Exploration targets are worth less than the paper they are written on. Just look at the grade range quoted by ADV for example.

    0.8% Li2O for the 7.5 Mt tonnage upper limit of the exploration target. 0.8% Li2O is pathetic as a head grade but ADV has indicated that that the only chance they have if defining a 'reasonable' resource tonnage of 7.5 Mt is by diluting the grade to a level that is unlikely to be economic. As I said, exploration targets are purely marketing gimmicks.

    Forget the melodramatic rhetoric regarding ASX, Seymour has SFA lithium Finn and this announcement confirms it.
 
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