Good old fireside chat, page-6556

I have spent the day reviewing once again all historical information for the old wells on our land and “nearby” such as white cloud 1, coors 10, cane creek 17, etc etc . It strikes me that from historic holes at least two have historic core data.We know from asx announcements that the land was often drilled but rarely cored.

I wonder whether the historic holes that have core data could satisfy 2012 jorc requirements. I don’t know the answer to that yet but if someone does it might be interesting.

I won’t post all the data on the old holes as I did that around page 75-85 of this thread

Another point I wish to raise is that the company has mentioned in asx announcements that the old holes (and when i say old i don’t mean old, I mean mostly recently drilled) could be used as production wells or for re entry for assaying. I would guess and speculate the former rather than the later is more likely but on balance a combination is perhaps appropriate

I’m really looking forward to the rest of this year but seems like strong news flow in the next 3-4 week period might go a long way to shaping the future as I speculate:
-final results from lab
-results on assays from the ponds
-grade produced at lab , note I am not wanting to be hooked on grade, what is important is meeting the grade our customer or customers want, whether that be bg, hydroxide or even feedstock, I don’t care!
-update on fresh drilling or other arrangements to ultimately lead to a maiden jorc resource been declared......remembering the jorc is some months away according to the plan released by the company in an asx Ann.
-I speculate that once the results are all tabled that management will give some direction on plans for method, outotec, lilac, or a snack pack combo deal ......subject to the plan, there is potential to hear about plans for the additional minerals (calling them by products should not be allowed given their potential speculative value)
- I really believe we will piggy back off wesco for a drill hole to obtain cores.
-I am keeping an eye on our neighbours at mgx just quietly.
-otherwise management are at the top of their game and you just don’t know what they have up their sleeve....who knows

Finally if we see pre nr tomorrow or Tuesday don’t get too excited as the quarterlies are due, I expect that we have spent a lot more than budgeted for but only because management have been doing a lot as we know from asx Ann’s. So imo I expect a plus 1m spend for the last quarter ....oh boy isn’t it good to be in a company that are spending and succeeding with exploration and development in the budget !

Name me another brine play so advanced with so much news flow coming.....excluding agy

Good week ahead hopefully......time will tell.