Today ERO SP soaring 136%. Backed by its announcement"Acquisition of highly prospective lithium and uranium exploration projects."? World-class lithium exploration target at Lake Frome."(Mainly because of the Lithium potential)
But I found ERO is targeting Li grade range from 10 ppm to 250 ppm* at Lake Frome. And The levels of lithium encountered by Comalco at Lake Frome compare favourably with lithium recovered commercially from brines at Silver Peak, Nevada, where reported levels vary from 100 to 300 ppm (0.010?0.030%).
As AJM just reported its Li2O grade between 1.5-3%, but SP doesnot change much, why ERO's Li project is more attractive? Is AJM's Pilgangoora Lithium Prospect also a World-class lithium exploration target?
Can someone explain? thank you!
AJM Price at posting:
16.0¢ Sentiment: None Disclosure: Held
