.205 feels harsh at this point. Not like our intercepts had bad grades or were overly deep 23.5m @1.52% from 120m is not bad, That's open pit type of depth.
We have circa 10Mil+ in bank and David seems very frugal with it as he should be, The seismic testing is a great way to increase the effectiveness of the drilling programs and hence cash on hand. So what is EV? Sub 5Mill(probably lower) it appears considering the cash in balance. Seems ridiculously low given our findings so far.
Things to look forward to.
- Li increasing Spod above $1000/T as it stands at $1015/T + 0.2% today
- Jager Soiling anytime within ~ 2 weeks IMO
- Final approvals for Jager within ~ 2 weeks also IMO
- Seismic Tests wrapping up in BurmeisterMay of missed other near term catalysts others feel free to add to it and discuss.
Ann: Further High Grade Lithium Drilling at Burmeister, page-12
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