Banter and General Comments, page-356

Here are some facts to consider about WC8

1. the project is quite small in area compared to other lithium projects - note the image below and the scale at the bottom
2. the average true width of assay to date is about 12m
3. the weighted average grade of assays to date is 0.82% (weighted by length of mineralisation)
4. Of the first 33 holes (ie holes 1-33) with assays 30% are NSI - cannot tell for the rest as there are so many pending assays.

Make what you will of the above but it’s definitely not a high grade deposit based on results to date. MC fully diluted $570m. Compare this to other lithium stocks.