GG you are on the money.
Sellers need to get a grip on the POTENTIAL OF CXO and the NEXT NEWS FLOW.
Today's announcement was nothing short of SENSATIONAL
* Grants HIGH GRADE deposit extended to 250m(L) x 200m(D) x 30m(W) (1.5Mt), now with potential for early DSO production from the Finniss Lithium Project, starting at the Grants Prospect.
* 12 out of 12 hit rate at Grants so far (100% SUCCESS) with at least 9 holes awaiting assays (8 of these holes are the next in line for announcement)
* METALLURGY COULD BE EXCELLENT and due in Feb17 (less than 1 month). By the wording below I expect this to eclipse KDR by a mile.
"The spodumene is green at the Grants Prospect and usually large with some spodumene crystals greater than 10cm.
The pegmatite at Grants comprises only a few simple minerals with spodumene, quartz and feldspar (albite dominant) accounting for approximately 95% of the pegmatite composition. This simple mineralogy should be an advantage when assessing potential for spodumene concentrate production."
* Bar....chart (80% Buy) and Stox...line (*****↑) are very strong technical indicators (8.5 cents hit so bounce is imminent). Remember this share hit 15 cents without Grants strike length extensions, the FWN discovery and Grants diamond drilling depth extensions. So at 8.6 cents, we are 6.4 cents below recent highs, in a better position based on uncovering a deposit and blessed with a RIDICULOUS amount of incoming news flow even before CXO drills the main game and ZOLA and RINGWOOD.
* Best of all we are CASHED UP ($9M at 9 cents) for a good 12 months of accelerated drilling. So our share price is below the placement price despite INCREDIBLE FINDS
* The diamond drill rig could UNCOVER ANOTHER PEGMATITE any day now
Enjoy Feb17 and Mar17 as we should have:
- Grants and BP333 metallurgy
- All assays back from Finniss (extensions to Grants, FWC, BP33 are very likely)
- Aeromagnetic surveys analysed and targets in place for Q2
- Zola and Ringwood drilling approvals
- Barrow Creek sampling with luck
I am happily accumulating as the re-rate is very close. Good luck to all.
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Last
9.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $199.8M |
Open | High | Low | Value | Volume |
9.3¢ | 9.5¢ | 9.3¢ | $317.1K | 3.388M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 85033 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 406190 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 85033 | 0.093 |
16 | 1278461 | 0.092 |
32 | 3156476 | 0.091 |
59 | 3376521 | 0.090 |
14 | 937806 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 406190 | 10 |
0.095 | 354601 | 8 |
0.096 | 552031 | 12 |
0.097 | 1189684 | 15 |
0.098 | 818643 | 12 |
Last trade - 10.49am 15/08/2024 (20 minute delay) ? |
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