L1M 1.43% 6.9¢ lightning minerals ltd

Ann: Drilling starts at Dundas targeting Li pegmatite potential, page-17

  1. 2,049 Posts.
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    The days are ticking by. RC drilling is ongoing.

    EMC up 30% today from reporting pegmatites. Puts them at ~$14m market cap ~$11m EV undiluted.

    This could be a very easy 100% gain if we hit pegmatites here. RC Drilling started last Tuesday.

    LRV in their previous drilling campaign identified 9 pegmatites. They are to the south. Didn't drill through them as they didnt have an RC rig IIRC.

    I am stunned the share price hasn't moved. This is either completely under the radar or the market doesn't think they will drill through a single pegmatite here, let alone find lithium in the pegmatite, just simply hitting the pegmatite to decent widths is what the market wants.

    All IMO

 
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