Was hoping not to post anymore, but there is a lot of misinformation being spread by holders who have no idea what they are talking about.
@mode1971 - No, 2240m of core has
NOT been sent to the lab! 2240m is the Total metres drilled over the 12 holes. They have NOT stated how many metres were sent to the lab. This is somewhat suspicious as companies will often state the number of metres sent to the lab to give an indication of how much of the total drilled they thought worthy of assaying, obviously the more metres sent the better.
As someone who seems to be considered the resident "expert" on this stock, suggest you understand and post accurate information so as not to mislead others.
@Gajet "
Like anything science based, a laboratory only requires ‘sub-samples’ from a number of areas."
No, this is not how the core selection process works!!
Here's a summary:
- Geologists will observe and log every metre of core when it comes out of the ground, will note the type of rock eg. granite, pegmatite and other info such as minerals present, etc.
- Only metres that appear to have the right rock type/minerals (pegmatites/spod/other Li bearing minerals in this case) will be sent to the labs.
- The relevant core will be split in half length ways, the company will keep one half, and the other half will be sent to the lab. Sub-samples are
NOT taken from this core, the ENTIRE core length will be sent to the lab so as not to introduce selection bias.
- The lab will pulverise each metre received and perform analysis.
@Flyingcactacus has done a good job outlining the risks and red-flags, I suggest holders who can stomach contrary opinions read his posts.
PS: won't respond to personal attacks, motives, etc. I'm not a shorter as I can't get borrow, just clarifying some of the misinformation being posted.
Cheers
(20min delay)