4c Party Is here, page-118

blastfurnace,

About technical/calculation issues I am not an expert at all rather close to blind in math.
Therefore, I would like to leave such issues to analyst or scientist.

But if you insist, my ball park figure came from:
1. Company's initial target was: 15-18mt @ 3-5% Li grade (likely mean 16.5mt @ 4% =0.66mt or 660,000ton)
* at least 1.5km strike length
* 100m long pit
* 3-10m thickness
* 3%-5% Li grade

2. After 2 drill holes results, company announcements were seemingly all equals but 150m long pit
rather than initial 100m and with no clear indicative statement, it seems, thickness were upper range and
grade seeming likely also be upper grade, from my understanding)

3. Simple, apart from where those company's initial target came from, literally if 50m longer pit means 50% more contained lithium target(660,000ton x 50% more = 990,000ton), as I not a math genius.

4. In addition, initial target of at least 1.5km strike length means just 1.5km but it seems company conservatively figured
but it does not mean just 1.5km but likely more than 1.5km.

This my logic made me conclusion that company's target can compete with Greenbushes or at least PLS.


Regards,

ps: Please note that my posts are always purely for entertainment and excitement purpose and nothing else
and my contents usually have addictive something by nature as I am a Dream Creator. So, do not rely on at all.