The amounts of meters drilled does not equates to the tonnage mates. GL1 drilled 100,000m
It all comes down to where they think is best to allocate the monies and whether burning the monies on the drill bits spinning is worth it or not based on the indicators
You could drill my back yard all days mates and you wont find any lithium for examples
For WR1 they thought its not worth it for Cancets to waste any more monies there
Now thank you for being reasonable mates. You are saying "Anybody who needs a MRE to discern 10mt at Adina probably shouldn't invest in exploration companies imo."
Well there you have it mates. Adina is a small deposits and not the same as PMT or other 100mt deposits as the pump master Kev tried to portray with certainty
I called him outs long time ago when he starting talking rubbish DSO for Cancet with certainty because it is simply not true. I called him out before the companie declared Cancet a write offs mates.
He mislead investors on the multiple occassions. You see when i talk about AZS i talk about the potentials and not with certainties. It is a big difference.
Shame on the pump masters. $2.50 down to $1.40 and what about when the new lands is a dusters what will happen to the share price then?
They know that the tonnage is not there so they are getting more lands to drill so they can add up the tonnage from all lands and then release a MRE. That is the plan mates its that simples.
GL1 got 2 deposits and declared the 50mt total MRE. But it is not valued the same as a single 50mt deposits. Because they are not the same things and the CAPEX is double and the deposits are in different locations need i say more? There are few and scarce +100mt deposits and its all about the potentials and WR1 does not have it i am sorry to say it.
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