Ann: Red Valley Drilling Update, page-364

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Kgmadden

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21/06/17

09:01

Post #: 25395873
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Originally posted by TheArchitect ↑

lol not sure what that has to do with what I posted, my post was in response to you saying you don't want to see 'more drilling/exploration' announced.

"...Please not have in ANN "further drilling required" !!Any further exploration required in the ANN will upset me as they've had the resources and equipment onsite..."

That's exactly what will happen given this is the first stage of the project testing for potential commercial grade lithium brine and if results show promise then RMX will take up the next earn-in for the lithium project, which in turn they will acquire further land to add to the current 6,000 acres owned purely by RMX themselves and not including the land of our Geo JV partner.

Bill is a Geo who gives talks/presentations to lots of different conferences with his research in the field, so if he's at a conference then that is why, no need for him to be on site when drilling is complete and now awaiting results and he certainly could be looking for other opportunities, in the end RMX will be taking up more and more ownership of the lithium project so why wouldn't he look for his next project, perhaps he's seen that things are looking really good and that RMX will end up taking up the next stages and diluting his ownership.

So again, more drilling and exploration is an obvious given on the back of promising results, if results aren't what RMX management like then they will walk away with very little expense outlaid and still left with $2.8m in cash to put towards the Cobalt Copper project and potentially another acquisition.

Also to add the Lithium run isn't over, supply is well short of what's needed to provide lithium just for Tesla alone, not to mention the demand just from China, not just from electric cars, but also buses, bikes and home energy storage.

For more details I suggest following Michael Langford from Airguide who is right in the mix of the lithium industry and dealing with China.

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Agree 100% lithium has not finishished its run. Basic supply vs demand proves that. It may be going through a consolidation phase (not that ive looked for a while).

RMX Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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Ann: Red Valley Drilling Update, page-364

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Ann: Red Valley Drilling Update, page-364

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