Too late, mate. The pretty girl is on center stage. Petra turned the spotlight on.
Updated Pirata's
Indicated interim JORC estimate, using FFalings recommendations, 2.5km influence. I have ignored Hole #2, as no data reported yet on grades.
I think this is an
ATOMIC BOMB. Area surfaces calculated on AutoCad. These areas are all within interpreted deep sand boundary.
This JORC can only go up, because I firmly believe there is a further 300m on Hole #3, further 20m on Hole #4 (not much), and another 50m on Hole #5 to drill to basement.
I applied specific yields of tested Hole #3 figures for Hole #4 and #5. Galan would have simply applied 24% because is sand...., if I do that the number you see below would go up a lot. Let's be professionals and conservative.
Further holes, in my view will not increase this JORC in multiples. Let's be cautious and see what next holes come up with. The influence around Hole #5 is what I think has the big juice. I can see grades increasing further in the deep, hence below indicated interim JORC will go up further when results come back from lab.
So there it is. Enjoy the
ATOMIC BOMB falling from the sky, soon to land.
Not sure about inferred assumptions, we might have a mixed of inferred and indicated. We have not much more time until mystery is resolved. 80% of this JORC lies in area green above, around Hole #5.
Adding the extra deep sand thickness which I believe is there, the total goes exactly up to 4.0M tn. Then all we have to do is wait for results of the grades at deep levels and specific yields on Hole #4 and #5 and.... the World is our oyster.
In summary, if they use a 2.5km radius reference, I trust the number will be between 3 and 4 M tn LCE. A big...big deal.
Sorry I couldn't finish this earlier, I have been solving problems, getting things done. I always think outside the square (Argentinians we live outside the square), and I have following idea:
LEL sells the lower aquifer (it will be well over 4Mtn), say for US$ 300M, grade is >450ppm, and we use that $$$ to build a small DLE or pond system running on the upper aquifer (320ppm), mix of AGY's size with LKE's tech... Build it extra $$$ from an off-take partner contribution, $0 financing, 10ktpa, EBITDA $200M/year....happy dividends.....is that crazy?
DISCLAIMER. Not a geo, not a financial adviser, not just a pretty face. When we hit $3, if you like to contribute with 1% of your gains, much appreciated. I still need to buy a car for my teenage daughter, who drives me nuts every day about it. GLTAH.
(20min delay)