CAI 0.00% 11.5¢ calidus resources limited

Ann: High-grade lithium pegmatite doubled to 2.5km strike, page-31

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  1. 6,740 Posts.
    lightbulb Created with Sketch. 2540
    ... but you have to have something to spin out. The latest ann just talks about tests on rock chips. That's right at the start of the journey to mining. You'd have to admit that its a long shot that they (or whoever) would have any chance of producing Lithium within 2 years, and by then the Li price might well have dropped due to over production by all the current Lithium explorers and hopefuls. Even if the Li deposit is commercial grade, how much is it going to be worth as a deposit ? There are plenty of deposits in WA, its not a rare metal.
    They've built a plant to refine gold, so they need to find more high grade feedstock to feed the plant. Surely that must be the priority now ?

    All IMHO, DYOR
 
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