It is now 1am so I have to be quick.
1] I read your post on another thread which IF corrrect said that you do not buy Castillo for the lithium.
Well, you say you hold CCZ so its for free given you are not buying in for the first time. This is what is called a HEDGED POSITION in copper and lithium.
2] To any reasonable person, its a good thing in that Cadence had hired a Geologist Consultant to do a lot of the work initially and -------his first source is Western Australia Geological Survey relating to the MAPPING of Picasso /area ie "At least 70 potential mineralisation surface pegmatites."-------
--------2ndly, "the Northern Territory Govt*s STRIKE platform provided the rest of the data ie " 3 5 MINERAL OCCURRENCES WITHIN 1-2 KM OF THE LITCHFIELD PROJECT BOUNDARY."------
EMPIRICAL:
Australasian Gold on ASX is pending results for their Northern Territory, Australia lithium project.
This is the Southern part. A/c to Dr Qingtao, MD he cited a govt 1965 study which again mentioned pegmatites etc [see details from Dr Qintao*s interview with Proactive Investors]. He hopes to make a discovery naturally as that is his dream/job as a PhD Geo.
Charger Metals: As I stated in another thread, they are also looking in the Litchfield belt of the Brynoe area in Northern Territory, Australia.
So, from what I gather from Dr Qintao via his video interview that the 1st port of call is the govt dept or geological survey also.
LITHMUS TEST
600 samples have been taken by CCZ from what I gather and they have gone for assays from Litchfield as part of the due diligence per agreement with Cadence/seller.
So, according to the agreement, the REST follows.
If, CCZ does not wish to proceed AFTER the sample assay results are back, then the agreement will have the details what happens next. So, ALL DETAILED from start to finish via the detailed agreement.
NOTHING DIFFICULT TO UNDERSTAND
From my point of view, there is nothing hard to understand. Stillwater Sabayne has changed course from gold due to the price and they are GOING INTO LITHIUM and battery metals for obvious reasons.
So, if Castillo is doing the industry thing, I dont see why all the endless questions.
Its a project that Castillo is looking into just like ALL CO*s look into various projects that pass their desk.
Nothing that sends any alarms? All in the legal agreement and a board decision at Castillo.
WHY DOESNT CADENCE OFFER LITCHFIELD /PICASSO TO CORE LITHIUM [CXO]?
From the little that I have looked quickly recently, CXO has already SIGNED AN AGREEMENT with another co to take on NT licences and they are slightly more advanced from what I read quickly??
CXO has already proceeded to naming the contractor and today or last night, CXO had made the FID decision [Investment Decision] and thereafter, the production prep etc starts from what I understand.
They have little time to SPEND ON EXPLORATION, DRILL ETC. CXO HAS TO GET ON WITH PRODUCTION SCHEDULED FOR MID-2022 OR SOME REPORTS SAY END 2022.
SP ANGEL
If you have any issues with them stating CXO*s reserves, then take it up with them directly in London.
SHAREHOLDER
For me, as a shareholder of CCZ, its simple. I share and I need to find out more about CCZ*s project but I am not here to correct the Geo etc as in the past this was the topic of discussion.
It should NOT be DIRECTED AT ME alone - tons of people are holders of CCZ and if they hold, then they must feel comfortable with the plans of the co, OTHERWISE, NO NEED TO BE IN as no one is keeping anyone tied to the co as a shareholder. One can SELL, BUY, HOLD so up to each one.
Not sure why every step Castillo makes must be scrutinised as if one can control board decision given no one holds enough shares of say 5% to call a meeting. So, I hope that clarifies.
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