There is so much to like here and “ Sell on the News” has played its part in this pull back along with the MC almost doubling of the past month . This is just following normal trading gyrations.
I think people need to recognise that economical grades for hard rock lithium is generally between 0.9% -1..6% . So in essence Leia @1% is right in the sweet spot IMO and due to its size will be a very valuable commodity to a much larger entity. Minres are no fools and have obviously done enough due diligence to see the potential here .
Management have their head screwed on here and have the right idea on how to create shareholder value.
In my experience the swings in a developing explorer are wild but it’s a matter of backing your own convictions , staying the course and then reaping the rewards.
Salient points from todays news - Results pending for 27 holes and 3,294 samples – ongoing results and drilling• Leia is now over 2.2km long, with mineralisation from surface and continuing at depthwith the thickest intercept to date 180m @ 1.1% Li2O (announced 6 Nov 23) • Drilling underway at Hutt and Han pegmatites to follow-up discovery in 2023 • Tabba Tabba is only 80km by road to Port and near lithium mines including Pilgangoora(414Mt) and Wodgina (259Mt) • Wildcat is funded to complete 100,000m of drilling at Tabba Tabba in CY2024 with acash balance of $94.1 million as at 31 December 2023
This presents another buying opportunity before Hutt and Han drilling news . Could Han and Hutt be contiguous with Leia making this one absolutely enormous ore body ???
WC8 Price at posting:
66.0¢ Sentiment: Buy Disclosure: Not Held
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