Read the interview with the neighbours CEO. I think this little blip down is due to general market conditions and perhaps the last flush of weak hands.
We know they have spodumene. Will be good to see at what grades and at what depths.
Once drilling confirms grades over 1% Li2O this will rise but it will require continued results and news. The first phase of drilling will only be able to find out whether they have decent grades at depth. Depending on the number of holes containing lithium and the grades will determine the price.
It will be easy for a geologist to get a better idea of the rough potential for a resource depending on the spacing of the initial holes.
I'll be waiting with interest. Lithium stocks have been hammered along with most other stocks as of late.
Comeback, page-2
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