Me too! It does look tantalizing doesn't it. High risk high reward. They say that the pegmatite field extends up to ~3.5km along strike and ~600m wide. If half of that is any good that gives us prospective tonnage above 30Mt (assuming 1,500m x 300m x 30m x 2.7). Obviously depth we don't know and is the wildcard (as is Li %). I'm assuming a conservative estimate of 30m based on what Azure has been hitting. If 10Mt (@ 1%) is valued at $100m, then 30Mt gives us $300m. This is my speculative target Market Cap. I am thinking out loud so please everyone DYOR as this is not advice of any kind! It would be interesting to see what other people think if they've run any numbers too!
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- Ann: 30m wide outcropping pegmatites defined at Andover South
Ann: 30m wide outcropping pegmatites defined at Andover South, page-257
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