BM8 is listing today at 10am AEDT with their Falcon Lake lithium project, right next to GT1 in Ontario, Canada. They’ve already have a couple of hits:24.4m at 1.48% Li2O from 10.9m; includingo 9.0m at 1.95% Li2O from 20.4m in drill hole FLDD006; and• 21.7m at 1.09% Li2O from 48.0m; includingo 7.9m at 1.31% Li2O from 49.8m in drill hole FLDD001.BM8 has legendary PLS project manager Gerard O’Donovan as CEO, who led the development Pilbara Minerals’ Pilgangoora lithium/tantalum mine and processing facility. If there’s a worthy deposit there, this guy will probably find it. I’ve been a holder/trader of GT1 since IPO, but I’ve always hoped they’d get a much bigger resource before development. I think at some point they’ll have to acquire surrounding deposits, and at an $18m EV - BM8 seems too good to pass up with the outlook of an acquisition.62 Capital’s Sufian has dropped $1m into BM8’s IPO.
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