$100 million MC on its way, page-1297

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shivathakur4

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26/05/23

11:51

Post #: 67978918
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Originally posted by ForeverNewbie: ↑

No, this is incorrect. We will not get any results until we start drilling. The whole purpose of the aircore drilling, was to find the pegmatites (which it did). We need RC drilling in order to get assays of these pegmatites.

REE was able to obtain results from aircore drilling because it is not as hard as a pegmatite.

The "encouraging rare earths announcement" is equivalent to the "Lithium bearing pegmatite" however, we need assays to mirror the "bonanza" announcement. We have not started drilling yet, so no assays. The resampling will only confirm that they should begin drilling there.
Still at least 3 months from Eyre Li assay results.

My hopeful but realistic timeline for LRV results for all newcomers:

- Isa results 2 weeks, (if not, that will be 16 weeks. Company clearly has chosen to note report dusters. More of a note for how management will handle things going forward. Some people like that, so it doesn't drop the SP, your call).
- NZ results, should be next week (otherwise there were further delays and we have missed a deadline set by Ron)
- Eyre TREO results, 3 weeks from now
- Eyre Li and Ni results, 3 months from when the drills start spinning.

I know we all got sucked into the news train hype but I believe that these are the important milestones that could result in some SP appreciation.

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LRV Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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