Ann: Outstanding Results from Rhyolite Ridge Pre-Feasilibity, page-21

pretty standard line for a resource statement @Shining, basically means that more work on the economics needs to be done. once into reserve status then the economic parameters have been applied and there is greater confidence in the amount of the product that can be extract economically. my take on the pfs is that it is pretty thorough and resources should convert to reserves pretty easily.

this is also a cautionary note to people looking at any li hopeful - having a resource is one thing, but the economic extraction is a whole different ball game. i have posted on a couple of hopefuls pointing out the holes in the story they are spinning to market in the hope that one of two investors are saved losing their bundle - or not, always good to ask your own questions and make your own decisions.

back to gsc, i am very confident in this company and the ryolite ridge project. i will continue to hold as when the market wakes up to what this project means to the li market in the near term supply crunch it will be a gloves off bidding war for control - imho of course.