21.9% European Lithium

Im surprised this hasnt been really picked up and discussed given the huge valuations for Lithium stocks especially any with an Advanced JORC Resource

CFE have a 21.9% Interest in European Lithium


http://www.capelam.com.au/irm/content/overview.aspx?RID=208

	Column 1	Column 2
1	European Lithium Ltd	21.9% currently undergoing listing on AIM Interests in Lithium, precious & base metals. Focus on development of 80% interest in the advanced Wolfsberg Lithium project in Austria

European Lithium own an advanced JORC Lithium deposit I say advanced because it has plenty of drilling and was advanced to a JORC'd Measured Indicated and Inferred status

http://europeanlithium.com/projects/wolfsberg-lithium-project/project-geology-metallurgy/


Historic Exploration and Development

• 16,727m of drilling / 1,389m of decline, drives and crosscuts
• Deposit is split into two zones:

	Column 1
1	Zone 1: the northern limb of an anticline was drilled by Minerex down dip to a maximum depth of 450m and mapped over a distance of 1500m. Lithium bearing pegmatite veins up to 5.5m wide intersected and ore body remains open along strike to the west and down dip.
2	Zone 2: exploration target, demonstrated to be the southern limb of an anticline of which the northern limb (Zone 1), was the focus of all exploration by Minerex.

• The resource was declared by previous owners to German and Austrian reporting standards and by GSM to JORC Code (2004):

	Type	Million Tonnes	Grade Li2O (%)
1	Measured*	3.7	1.5
2	Indicated	3.2	1.2
3	Inferred	10.0	1.2

Total would be [email protected]% Li compare that to AJM NMT PLS GXG GMM deposits and market caps

see the below table compiled by Accaeric






Would explain the willingness of sophs to take a 4c+ placement at a 300% premium to market price

@accareric worth running the numbers over here