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voncee

5,378 Posts.

194

12/07/16

18:28

Post #: 18252845
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Originally posted by Freehold ↑

Greenbull,

If you read my posts on BGS you would know that my opinion there was that the multiple 30-40m highish grade intersections were already factor into their mcap hence there shareprice do not really move today by the end. PSC can release as many 3-4m intersections of spod as they like but with such thin intersection they are pretty worthless.. without assays, even if high grade the intersections are "so thin" thus far... Sure they might have thicker intersections results to come but thus far ... looks poor IMHO

So I found it weird that they would announce individual holes which such narrow intersections.... I thought "what the"??

Here's a comparison as an example,

BGS announced today 40m @ 1.8% lithium approx.

PSC would have to have 10m @ 7.2% Lithium to return the same amount of lithium ...

.....Only thus far PSC intersections are 3-4m on avg... So equivalent lithium would need to 15 -18% Lithium which is unlikely

as prev said if they can return many 40+m intersections a @ 3-4% then sure it will fly ...

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I have kept what you mentioned above and I shall be raising it at the meeting when I speak to the exec and senior management as they are the right people to make a correct judgement. Assays are still to be sent and confirmed soon.

PSC Price at posting: 4.8¢ Sentiment: None Disclosure: Held
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Last 12.5¢		Change 0.010(8.70%)		Mkt cap ! $59.83M

Open	High	Low	Value	Volume
12.5¢	13.0¢	11.5¢	$58.39K	490.8K

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1	16800	11.5¢

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Price($)	Vol.	No.
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3	332690	0.110
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1	15000	0.095

Price($)	Vol.	No.
0.125	43019	1
0.135	44000	3
0.140	82285	3
0.145	126721	2
0.150	100500	2

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